The Dearborn, Mich., auto maker said Tuesday it earned $1.9 billion in net profits during the quarter, a 44% increase compared with the same three-month period a year ago.
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Revenue was first tiresome, down lower than percent place in the prior-year time and worldwide earnings were usually right up 2 percent having the service provider supplying more autos in North America and Europe in comparison with once did last year. The result was also well ahead of Ford’s $0.40 per-share profit in the second quarter of 2014.
Operating profit totaled almost $2.6 billion in North America, a company record for any quarter, and was linked to better pricing on new product launches, said Bob Shanks, Ford’s chief financial officer.
Shanks noted that the all-new Ford Ka, a minicar one size smaller than the Fiesta, has sold very well in South America since its introduction. “We think we now see a path to get into the upper half of that range”, Mr. Shanks said.
“Ford is all about the second half of this year”, said David Whiston, an analyst for Morningstar in Chicago, who rates Ford the equivalent of a buy.
The company lost money in Europe, South America and the Middle East but earned a record profit of $192 million in Asia despite a sales slowdown in China. Lower sales volumes and slightly weaker pricing were not a surprise, but the impact was offset by some cost improvements. Global market share grew by a tenth of a percent from a year ago, now reaching 7.6 percent.
Ford publicized world wide web each quarter hour profit of $1 dollar. That beat analysts’ expectations of $35.5 billion.
“We delivered an outstanding second quarter, a great first half of 2015, and we are confident the second half of the year will be even stronger”, said Ford CEO Mark Fields.
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Ford maintained its full-year 2015 forecast of an operating profit of between $8.5 billion and $9.5 billion. But its guidance for the company’s overall 2015 results remained unchanged.
