Investing.com - Ford Motor (NYSE:F) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ford Motor announced earnings per share of $0.68 on revenue of $37.91B. Analysts polled by Investing.com anticipated EPS of $0.4486 on revenue of $37.05B.
Ford Motor shares are down 36% from the beginning of the year and are trading at $13.88 , down-from-52-week-high.They are under-performing the S&P 500 which is down 15.58% from the start of the year.
Ford Motor shares gained 5.23% in after-hours trade the report.
Ford Motor follows other major Consumer Discretionary sector earnings this month
Ford Motor's report follows an earnings beat by Tesla on Wednesday, July 20, 2022, who reported EPS of $2.27 on revenue of $16.93B, compared to forecasts EPS of $1.81 on revenue of $16.54B.
Louis Vuitton ADR had beat expectations on Tuesday with second quarter EPS of $2.63 on revenue of $18.95B, compared to forecast for EPS of $2.59 on revenue of $18.36B.
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