Open Demo Account
Home / Market Update / Global Stock Market / Ford Raises its Forecast For 2021 After Posting Surprising Profits in The Second Quarter
Ford
Ford

Ford Raises its Forecast For 2021 After Posting Surprising Profits in The Second Quarter

Adel 29 July, 2021 11:44 am Global Stock Market, Market Update

Ford Motor Company raised its earnings forecast for this year after it announced a windfall profit, saying it was selling more expensive cars.

Its revenue slightly missed expectations due to an ongoing global shortage of semiconductor chips.

Earnings per share were 13 cents, versus expectations of a loss of 3 cents, while auto revenues were $24.13 billion, versus expectations of $24.25 billion.

Ford raised its full-year earnings forecast before taxes by about $3.5 billion, to between $9 billion and $10 billion.

The company expected the sales volume to increase by about 30% from the first half to the second half of the year with the improvement of market factors.

Tags

Check Also

Procter & Gamble Surpasses Expectations with Strong Q4

Procter & Gamble (P&G) reported robust second-quarter earnings and revenue, exceeding Wall Street’s expectations. The …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends