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Ford beats Wall Street earnings expectations after coronavirus shuttered factories

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EARNINGS: Ford reported smaller-than-expected losses, though expects to turn a profit of up to $1.5 billion in Q3.

U.S. auto sales turned out to be more resilient than anticipated, and the company resumed normal shift operations at domestic plants a month ahead of schedule.

Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show in Detroit, Michigan, U.S., on Jan. 14, 2018.performed far better than Wall Street expected, even beating its own expectations as the coronavirus caused rolling shutdowns of its plants across the globe during the second quarter.

 

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