Why Ford's Stock Is Trading Higher Today

Ford Motor Co F is trading higher Thursday morning after the company reported better-than-expected financial results. 

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.

“Ford+ is about creating distinctive products and services, always-on customer relationships and user experiences that keep improving,” said Jim Farley, president and CEO of Ford.

Price Action: Ford has traded as high as $16.45 and as low as $6.41 over a 52-week period.

At last check Thursday, the stock was up 5.7% in after hours trading at $14.56.

Photo: courtesy of Ford.