Why Ford Stock Is Rising

Ford Motor Company F shares are trading higher by 6.60% to $14.06 in Thursday’s pre-market session after the company reported better-than-expected second-quarter EPS and sales results. The company also raised its quarterly dividend and announced it has advanced its Ford+ growth plan.

Ford reported quarterly earnings of 68 cents per share which beat the analyst consensus estimate of 45 cents. Automotive sales of $37.91 billion beat the analyst consensus estimate of $34.32 billion. Total company revenue was $40.2 billion in the quarter. The company’s quarterly dividend is now $0.15/share, up from the previous dividend of $0.10/share.

“We’re moving with purpose and speed into the most promising period for growth in Ford’s history – to innovate and deliver great products and connected services, raise quality and lower costs,” Ford CEO Jim Farley said… Read More

See Also: Here’s How Much You’d Have Now If You Invested $100 In Bitcoin, Ethereum, Apple, Microsoft, Tesla, Amazon And Nvidia 5 Years Ago

According to data from Benzinga Pro, Ford has a 52-week high of $25.87 and a 52-week low of $10.61.

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