US Stocks Movement | Ford Motor rises nearly 4% in after-hours trading as Q2 results exceed expectations and full-year outlook is raised comprehensively

Glonghui, July 29｜Ford rose nearly 4% in after-hours trading to $15.55. According to reports, Ford delivered an impressive performance for the second quarter, with revenue reaching $48.3 billion, surpassing the market expectation of $47.51 billion. Adjusted EBIT increased 19% year-on-year to $2.5 billion, and adjusted earnings per share came in at $0.42, above the expected $0.35. With strong operational momentum, Ford has raised its full-year outlook across the board. It now expects adjusted EBIT to range from $10 billion to $11 billion, up from the previous forecast of $8.5 billion to $10.5 billion; adjusted free cash flow is now estimated at $6 billion to $7 billion, compared to the prior forecast of $5 billion to $6 billion.