Investing.com - The largest U.S. automaker Ford reported better-than-expected fourth-quarter earnings and revenue, boosted by strong U.S. auto sales, it said on Tuesday.
Earlier in the day, in its fourth quarter earnings report, Ford said earnings per share came in at USD0.31, above expectations for USD0.25 per share.
That is the highest pre-tax profit in over a decade.
The company’s fourth quarter revenue totaled USD36.5 billion, blowing past expectations for revenue of USD33.03 billion.
According to the report, the increase in revenue was driven by a boost in Ford F-Series pickup truck sales in North America.
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 lower, as investors remained cautious ahead of the Federal Reserve's monthly policy statement as well as key U.S. data to be released later in the week..
The Dow Jones Industrial Average futures indicated a loss of 0.2% at the open, S&P 500 futures pointed to a decline of 0.35% and Nasdaq 100 futures indicated a drop of 0.35% at the open.
Earlier in the day, in its fourth quarter earnings report, Ford said earnings per share came in at USD0.31, above expectations for USD0.25 per share.
That is the highest pre-tax profit in over a decade.
The company’s fourth quarter revenue totaled USD36.5 billion, blowing past expectations for revenue of USD33.03 billion.
According to the report, the increase in revenue was driven by a boost in Ford F-Series pickup truck sales in North America.
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 lower, as investors remained cautious ahead of the Federal Reserve's monthly policy statement as well as key U.S. data to be released later in the week..
The Dow Jones Industrial Average futures indicated a loss of 0.2% at the open, S&P 500 futures pointed to a decline of 0.35% and Nasdaq 100 futures indicated a drop of 0.35% at the open.