Ford Motor Company Earnings Cheat Sheet: Booking a Profit Again

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

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Ford Motor Company Earnings Cheat Sheet for the Second Quarter

Results: Net income for the auto manufacturer fell to $2.4 billion (59 cents per share) vs. $2.6 billion (61 cents per share) a year earlier. This is a decline of 7.7% from the year earlier quarter.

Revenue: Rose 13% to $35.5 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: F adjusted net income of 65 cents per share. By that measure, it beat the mean analyst estimate of 60 cents per share. It beat the average revenue estimate of $31.57 billion.

Quoting Management: “We delivered very good second quarter results while growing the business globally and serving more customers in every region,” said Alan Mulally, Ford president and CEO. “Despite an uncertain business environment, we further strengthened our balance sheet and continued to invest for the future.”

Key Stats:

The company has now beaten estimates the last two quarters. In the first quarter, it topped expectations with net income of 62 cents versus a mean estimate of net income of 50 cents per share.

Net income has increased 4% year over year on average across the last five quarters. The biggest gain came in the third quarter of the last fiscal year, when income climbed 69.2% from the year earlier quarter.

The company’s revenue has now risen for two straight quarters. In the first quarter, revenue increased 4.9% to $33.11 billion from the year earlier quarter.

Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), AutoZone (NYSE:AZO), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM), Spartan Motors (NASDAQ:SPAR) and Navistar Intl. Corp. (NYSE:NAV).

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

(Source: Xignite Financials)

More from The Cheat Sheet