Ford Beats Estimates; Intel Posts Surprise Profit
- July 27th, 2023
- 325 views
Ford Motor Company (NYSE: F) delivered strong second-quarter 2023 adjusted earnings per share (EPS) of $0.72 and revenue of $45.00 billion, beating the consensus EPS estimate of $0.55 on revenue of $40.38 billion.
In response to the robust performance, Ford is raising its guidance range for full-year 2023 consolidated adjusted EBIT to between $11 billion and $12 billion. The company is also increasing its expectations for full-year adjusted free cash flow to between $6.5 billion and $7 billion.
$F surged by $0.27 (+1.97%) in after-hours trading, reaching $14.00.
On the other hand, Intel Corporation (Nasdaq: INTC) reported Q2 2023 adjusted EPS of $0.13 and revenue of $12.95 billion, surpassing the consensus loss estimate of $0.03 per share on revenue of $10.97 billion.
For the upcoming third quarter, Intel is forecasting an EPS of $0.20, while analysts are expecting $0.14.
In after-hours, $INTC was trading at $37.12, reflecting a gain of $2.57 (+7.44%)
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Tags
Post Your Comments
Want To Find Some News?
Recent Posts
-
Treasury Targets Family Members and Associates of Maduro Regime
December 20th, 2025Herbal Works Inc. Supports President Trump's Order Easing Restriction on Cannabis
December 18th, 2025Herbal Works Inc. Plans on Expansion of Product Line in 2026
December 18th, 2025December 17th, 2025Crown Equity Holdings Inc. Announces Changes to Board of Directors
December 16th, 2025
Member Login