General Motors Co GM is trading higher Thursday in sympathy with Ford Motor Co F after the company reported better-than-expected second-quarter financial results and raised guidance.
Ford reported quarterly earnings of 13 cents per share, which beat the estimate for a loss of 10 cents per share. The company reported quarterly revenue of $26.8 billion, which beat the estimate of $23.84 billion.
Ford raised its full-year 2021 adjusted EBIT guidance by about $3.5 billion to a range of $9 billion to $10 billion.
General Motors is scheduled to announce its second-quarter financial results Aug. 4.
Price Action: General Motors has traded as high as $64.30 and as low as $24.44 over a 52-week period.
At last check Thursday, the stock was up 3.15% at $57.24.
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