Investing.com - The largest U.S. automaker Ford Motor Company (N:F) reported better than expected fourth quarter earnings and revenue figures ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
Ford said adjusted earnings per share came in at 58 cents in the three months ended December 31, above expectations for earnings of 51 cents per share.
The company’s fourth quarter revenue totaled $37.9 billion, beating forecasts for revenue of $36.40 billion, as higher sales in its core North America market and a return to profitability in Europe helped offset economic turbulence in the emerging markets.
Following the release of the report, shares in Ford rose 24 cents, or 2.02%, in pre-market trade to $12.10 from a closing price of $11.86 on Wednesday.
Meanwhile, U.S. stock futures pointed to a mixed open. The Dow futures shed 21 points, or 0.14%, the S&P 500 futures dipped 1 point, or 0.05%, while the Nasdaq 100 futures tacked on 13 points, or 0.3%.