Ford Earnings: Revenue TOPS Analyst Estimate, Shares UP

S&P 500 (NYSE:SPY) component Ford Motor Company (NYSE:F) reported its results for the second quarter. Ford is an automaker that sells its cars and trucks throughout the world.

Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?

Ford Motor Company Earnings Cheat Sheet

Results: Net income for the domestic automobiles fell to $1.04 billion (26 cents per share) vs. $2.4 billion (59 cents per share) a year earlier. This is a decline of 56.6% from the year-earlier quarter.

Revenue: Fell 6.3% to $33.3 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ford Motor Company fell short of the mean analyst estimate of 28 cents per share. It beat the average revenue estimate of $32.17 billion.

Quoting Management: “The Ford team delivered another solid quarter driven by the strength of Ford North America and Ford Credit,” said Alan Mulally, Ford president and chief executive officer. “We remain absolutely committed to continuing to make progress on our One Ford plan, including dealing decisively with near-term challenges, investing for future growth, and developing outstanding products with segment-leading quality, fuel efficiency, safety, smart design and value.”

Key Stats:

The company’s net income has fallen in each of the last two quarters. In the first quarter, net income fell 45.3% from the year-earlier quarter.

The company fell short of estimates last quarter after beating the mark the quarter before with net income of 39 cents versus a mean estimate of net income of 35 cents per share.

Revenue has declined for two quarters in a row. In the first quarter, revenue declined 2% to $32.45 billion from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the third quarter has moved down from 39 cents a share to 32 cents over the last thirty days. At $1.33 per share, the average estimate for the fiscal year has fallen from $1.52 ninety days ago.

Competitors to Watch: General Motors Company, Toyota Motor Corp., Daimler AG, HONDA MOTOR CO., LTD., Nissan Motor Co., Ltd., Tesla Motors Inc, Volkswagen AG, Navistar Intl. Corp., PSA Peugeot Citroen S.A., and Spartan Motors, Inc.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Here’s The Top 10 Companies DOMINATING Web Traffic This Summer>>

SILVER: A Metal of Sunken Treasure and Champions>>

Is Cisco Systems Stock a BUY or SELL?