When a legacy automaker reports a decisive earnings beat and raises full-year guidance, the market naturally reacts with enthusiasm. The headline numbers for the second quarter paint an undeniable picture of operational momentum for Ford Motor (NYSE: F).
Management delivered adjusted earnings of 42 cents per share, handily beating consensus estimates of 33 cents, while revenue approached a robust $48.3 billion. Buoyed by these figures, executives lifted full-year adjusted EBIT expectations to a midpoint of roughly $10.5 billion.
