The Clap
Ford reported an EPS of 72 cents and revenue of $42.43 billion in Q2 2023, beating expectations on both the top and bottom lines.
What
Ford’s net income for the quarter was reported at $1.92 billion, a significant YoY increase compared to $667 million in Q2 2022.
Ford’s revenue increased by 12% YoY to reach $45 billion in Q2 2023.
So What
This is the second quarter where the company reported its earnings broken down by units.
Now What
Following the positive earnings in Q2, Ford increased its earning forecast for the year to $11 billion – $12 billion, compared to $9 billion – $11 billion initially.