Ford raises full-year guidance after solid earnings beat PUBLISHED THU, JUL 27 202312:00 PM EDTUPDATED 8 MIN AGO thumbnail Michael Wayland
KEY POINTS Ford Motor on Thursday raised its 2023 guidance after second-quarter earnings significantly beat Wall Street expectations, boosted by strong pricing and demand for the automaker’s traditional vehicles. Ford increased its full-year adjusted earnings forecast to a range of between $11 billion and $12 billion, up from a prior forecast $9 billion and $11 billion. EV adoption, however, is taking place more slowly than the company expected, in part because of higher costs.
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