© Reuters. Ford Motor Shares Up 2% on Q1 Earnings Beat, Affirms 2022 EBIT Guidance
Ford Motor (NYSE:) shares were trading around 2% higher after-hours following the company’s reported strong Q1 beat. Quarterly EPS came in at $0.70, compared to the consensus of $0.37, and revenue came in at $34.5 billion, compared to the consensus of $31.13 billion.
The company is on track for 600K EV units by late 2023.
CEO Jim Farley said the appeal of the Bronco, Bronco Sport, Maverick, Mustang Mach-E, E-Transit, and F-150 Lightning is “undeniable.”
The company affirmed its full 2022-year adjusted EBIT guidance of $11.5-$12.5 billion, up 15% to 25% from a year ago.
Shares of Ford are down 29% year-to-date.
By Davit Kirakosyan
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