Wall Street analysts expect adjusted earnings per share of 68 cents and revenue of $44.02 billion.The Detroit automaker's results are expected to be relatively healthy, although down from the second quarter of 2023 and not as strong as its crosstown rival$44.02 billion
Those results would mark a 3.8% increase in revenue compared to a year earlier and a 5.2% decline in adjusted earnings per share. Ford'sincluded $42.43 billion in revenue, net income of $1.92 billion, or 47 cents per share, and adjusted earnings before interest and taxes of $3.79 billion. Ford's guidance for the year includes adjusted earnings before interest and taxes, or EBIT, of between $10 billion and $12 billion and free cash flow of $6.5 billion to $7.5 billion.Ford's stock is up about 15% this year, as pricing in the automotive industry has remained more resilient than expected.
But as the industrywide transition to electric vehicles takes off more slowly than anticipated, the automaker has adjusted its product plans toit plans to expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub.Tesla shares fall 11% after earnings miss, head for steepest slide since January