Ford earnings, revenue beat estimates – CNBC
The company posted fourth-quarter earnings per share of 58 cents, compared to 26 cents a share in the year-earlier period.
Revenue for the quarter came in at $40.3 billion, against the comparable year-ago figure of $33.80 billion.
Analysts had expected Ford to report adjusted earnings of about 51 cents a share on $36.40 billion in revenue, according to a consensus estimate from Thomson Reuters.
Ford’s earnings come as the auto industry is in the midst of an upswing. Low gasoline prices, easy credit and moderate economic growth boosted the industry: Auto sales totaled a record 17.47 million in 2015 in the U.S. even as December numbers trailed expectations, according to figures from research firm Autodata.