Investing.com - Ford Motor (NYSE:F) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.44 on revenue of $37.24B. Analysts polled by Investing.com expected EPS of $0.27 on revenue of $40.43B. That compared to EPS of $0.43 on revenue of $41.96B in the same period a year earlier. The company had reported EPS of $0.3 on revenue of $41.8B in the previous quarter.
Ford Motor shares gained 7.66% to trade at $10.12 in after-hours trade following the report.
For the year, Ford Motor shares are up 22.88%, outperforming the S&P Global (NYSE:SPGI) 100 which is up 14.66% year to date.
Ford Motor follows other major Consumer Cyclical sector earnings this month
On Thursday, Illinois Tool Works reported first quarter EPS of $1.81 on revenue of $3.55B, compared to forecasts of EPS of $1.8 on revenue of $3.63B.
Tesla earnings missed analyst's expectations on Wednesday, with first quarter EPS of $-2.9 on revenue of $4.54B. Investing.com analysts expected EPS of $-0.87 on revenue of $5.46B
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