Ford Q2 Earnings Beat Street, Pushing F Stock Higher

Ford reports pre-tax profits of $2.6B

   

Ford Q2 Earnings Beat Street, Pushing F Stock Higher

Ford Motors (F) stock is up following its second quarter earnings report for 2014.

ford logo Ford Q2 Earnings Beat Street, Pushing F Stock HigherFord posted pre-tax profit of $2.6 billion for Q2 2014. This is a $44 million increase over pre-tax profits from the same time last year and it’s the 20th consecutive profitable quarter for the company.

Excluding special items, Ford reported after-tax earnings per share of 40 cents. This is down from the after-tax earnings per share of 45 cents that was reported the same time last year.

Ford also posted a net income of $1.3 billion for Q2 2014. This is up $78 million from the net income reported by the company during Q2 2013.

Ford paid $500 million in dividends on its Class B stock during Q2 2014 and is currently planning to repurchase 116 million shares.

F shares were up slightly as of Thursday afternoon.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/07/ford-f/.

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