Where the Ford Stock Price Is Headed After Q2 Earnings - Money Morning
These Six "Catalysts" Make This the Perfect Market-Correction Stock In recent days here, we’ve been talking about ways you can turn this correction – if that’s what it is – to your personal advantage. For those willing to break the old "buy and hold" rule, Short-Side Fortunes opens up a whole new world of investing that will allow you to make huge money when asset classes flip direction - no matter which way they turn. The Ford stock price jumped 2. 6% to $15 Tuesday morning after the automaker posted its highest ever quarterly profit in North America. Ford Motor Co. (NYSE: F ) earned $0. 47 per share, or $1. 9 billion, in Q2. That was comfortably better than earnings per share (EPS) consensus estimates of $0. 37. It was also handily better than EPS of $0. 32 on revenue of $1. 3 billion last year. Ford's 44% year-over-year (YOY) Q2 profit gain marked the automaker's best overall quarterly performance in 15 years. Ford booked a record $2. 6 billion in pre-tax operating income from the region. Demand has been strong for Ford's F-Series trucks. Ford has said dealers won't be fully stocked with F-Series trucks, which account for 90% of its global profits, until September. Source: moneymorning.com
