Ford Motor Co. beat expectations in its second-quarter 2017 earnings report, which was released July 26.
The well-known automobile manufacturer posted adjusted earnings per share of 56 cents, surpassing expectations of 43 cents. Revenue of $39.9 billion also beat estimates of $37.1 billion.
Despite the beat, the company’s shares were down 1.9% in premarket trading. As of Tuesday’s close of $11.27, the stock is down 7% year to date and has underperformed the broader market.
