Investing.com - The largest U.S. automaker Ford reported better-than-expected first-quarter earnings and revenue, boosted by strong U.S. auto sales, it said on Wednesday.
Earlier in the day, in its first quarter earnings report, Ford said adjusted earnings per share came in at USD0.41, above expectations for USD0.37 per share.
The company’s first quarter revenue totaled USD35.8 billion, beating expectations for revenue of USD33.8 billion.
For full year 2013, Ford expects another strong year, with total company pre-tax profit about equal to 2012, operating margin about equal to or lower than 2012, and Automotive operating-related cash flow higher than 2012.
Following the release of the report, shares in Ford jumped 2.8% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to a rise of 0.2% and Nasdaq 100 futures indicated an increase of 0.2%.
Earlier in the day, in its first quarter earnings report, Ford said adjusted earnings per share came in at USD0.41, above expectations for USD0.37 per share.
The company’s first quarter revenue totaled USD35.8 billion, beating expectations for revenue of USD33.8 billion.
For full year 2013, Ford expects another strong year, with total company pre-tax profit about equal to 2012, operating margin about equal to or lower than 2012, and Automotive operating-related cash flow higher than 2012.
Following the release of the report, shares in Ford jumped 2.8% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to a rise of 0.2% and Nasdaq 100 futures indicated an increase of 0.2%.