Ford Reports Better-Than-Expected Q1 Results, Shares Rise In Pre-Market Trading

Ford Motor Co

reported its results for the first quarter on Tuesday. The company's Q1 earnings came in at $2.6 billion. Ford reported its quarterly earnings at $0.61 per share, up from $0.50 per share, in the year-earlier period. The company's revenue surged 18% to $33.1 billion. The company's adjusted profit for the first quarter came in at $0.62 per share. However, analysts were expecting earnings of $0.50 per share on revenue of $30.5 billion. Alan Mulally, Ford president and CEO said, "Our team delivered a great quarter, with solid growth and improvements in all regions." Mulally added, "We continue to accelerate our One Ford plan around the world, delivering on our commitments to serve our global customers with a full family of best-in-class vehicles and deliver profitable growth for all, despite uncertain economic conditions." Ford shares gained 2.64% to $15.95 in pre-market trading. Read more