Ford on July 27, 2022 published a strong report for the 2nd quarter of 2022. The Ford report beat analysts’ expectations.
Key financial highlights from Ford’s Q2 2022 report
- – Revenue = $40.19 billion (+50% YoY). Analysts had forecast revenue of $37.05 billion.
- – EPS = $0.68 (+423% YoY). Analysts predicted $0.44.
Sales of Ford vehicles in the US in the second quarter of 2022 increased by 1.8% compared to the same quarter last. Sales of Ford SUVs and crossovers are up 8% year on year. The increase in sales is due to the fact that the company was able to release more popular models for its dealers in the United States.