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<blockquote data-quote="Weather Man" data-source="post: 16647776" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3720918-ford-trades-higher-after-boosting-full-year-outlook-amid-higher-price-auto-backdrop" target="_blank">Ford trades higher after boosting full-year outlook amid higher-price auto backdrop</a></p><ul> <li data-xf-list-type="ul">Ford Motor Company (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) reports Q2 results ahead of expectations with revenue of $26.8B, net income of $561M and adjusted EBIT of $1.1B..</li> <li data-xf-list-type="ul">The automaker's auto business in North America stood out by delivering positive EBIT in the quarter on a year-over-year increase of $1.1B. Higher auto prices helped during the quarter.</li> <li data-xf-list-type="ul">Second-quarter cash flow from operations was $756M. Adjusted free cash flow for the period was negative $5.1B, reflecting the expected greater effect of semiconductor-related volume losses on free cash flow than EBIT because of adverse working capital and timing differences. Ford's cash position was $25.1B at the end of the quarter and the liquidity position was $41.0B.</li> <li data-xf-list-type="ul">Looking ahead, Ford boosts its expectation for full-year adjusted EBIT to a range of $9B to $10B. Volume is expected to increase by about 30% sequentially from the first to the second half of the year. However, the volume benefit is anticipated to be offset by higher commodity costs, investments in the Ford+ plan, lower earnings by Ford Credit - which along with other factors is seen to leading second-half adjusted EBIT to be lower than in the first half.</li> <li data-xf-list-type="ul">Shares of Ford are up 2.25% in AH action.</li> <li data-xf-list-type="ul">Ford has the second highest <a href="https://seekingalpha.com/screeners/new?industry=25102010" target="_blank">Seeking Alpha Quant Rating in the automobile manufacturer sector.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16647776, member: 137766"] [URL='https://seekingalpha.com/news/3720918-ford-trades-higher-after-boosting-full-year-outlook-amid-higher-price-auto-backdrop']Ford trades higher after boosting full-year outlook amid higher-price auto backdrop[/URL] [LIST] [*]Ford Motor Company (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) reports Q2 results ahead of expectations with revenue of $26.8B, net income of $561M and adjusted EBIT of $1.1B.. [*]The automaker's auto business in North America stood out by delivering positive EBIT in the quarter on a year-over-year increase of $1.1B. Higher auto prices helped during the quarter. [*]Second-quarter cash flow from operations was $756M. Adjusted free cash flow for the period was negative $5.1B, reflecting the expected greater effect of semiconductor-related volume losses on free cash flow than EBIT because of adverse working capital and timing differences. Ford's cash position was $25.1B at the end of the quarter and the liquidity position was $41.0B. [*]Looking ahead, Ford boosts its expectation for full-year adjusted EBIT to a range of $9B to $10B. Volume is expected to increase by about 30% sequentially from the first to the second half of the year. However, the volume benefit is anticipated to be offset by higher commodity costs, investments in the Ford+ plan, lower earnings by Ford Credit - which along with other factors is seen to leading second-half adjusted EBIT to be lower than in the first half. [*]Shares of Ford are up 2.25% in AH action. [*]Ford has the second highest [URL='https://seekingalpha.com/screeners/new?industry=25102010']Seeking Alpha Quant Rating in the automobile manufacturer sector.[/URL] [/LIST] [/QUOTE]
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