Ford Motor (F) Tops Q2 EPS by 10c

(Updated - July 28, 2015 7:07 AM EDT)

Ford Motor (NYSE: F) reported Q2 EPS of $0.47, $0.10 better than the analyst estimate of $0.37. Revenue was $37.3 billion, versus consensus estimates calling for $35.3 billion.

Industry Outlook

Global

• Global economic growth in the 2.5 - 3% range with solid growth in the U.S., modest gains in Europe, and still-high but slowing growth in China; global industry sales of about 86 - 89 million units

Americas

• U.S. economic growth in the 2.5 - 3% range, with improving job growth and low fuel prices supporting consumer spending
• South America facing market volatility and policy uncertainty, with contraction in Brazil and Argentina

Europe

• Despite Greece, Euro Area growth projected to improve to the 1 - 2% range; U.K. growth projected in
• the 2.5 - 3% range
• With a more stable ruble, Central Bank of Russia expected to ease monetary policy; economy to be in recession this year

Asia Pacific

• China’s economic growth projected at about 7% supported by additional policy stimulus
• India GDP growth projected to rise above 7% as policy backdrop improves

Total company guidance for FY15 remains unchanged.

For earnings history and earnings-related data on Ford Motor (F) click here.

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