Why Ford's Earnings Were Better Than Expected

Auto investors had a pleasant surprise when Ford Motor Company (NYSE: F) reported its second-quarter earnings on July 29: a nice profit. While the effects of the global semiconductor shortage had Wall Street expecting a loss of about $0.10 per share, Ford instead managed a tidy profit of almost $600 million, or $0.13 per share. 

How did Ford beat estimates by that much? In this Motley Fool Live video, recorded on Aug. 5, Industry Focus host Nick Sciple and Motley Fool senior auto specialist John Rosevear dug into the details and found that the answer had a lot to do with supply and demand. 

A transcript is below the video. 

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Source Fool.com