Advertisement
Singapore markets closed
  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     
  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • Bitcoin USD

    60,734.62
    -2,083.46 (-3.32%)
     
  • CMC Crypto 200

    1,261.28
    -96.73 (-7.12%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • Dow

    39,512.84
    +125.08 (+0.32%)
     
  • Nasdaq

    16,340.87
    -5.40 (-0.03%)
     
  • Gold

    2,366.90
    +26.60 (+1.14%)
     
  • Crude Oil

    78.20
    -1.06 (-1.34%)
     
  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     
  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     
  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     
  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

How Ford Motor Company Beat Estimates With a Surprise Profit Amid the Chip Shortage

How Ford Motor Company Beat Estimates With a Surprise Profit Amid the Chip Shortage

Ford Motor Company (NYSE: F) reported second-quarter earnings on Wednesday afternoon that trounced Wall Street's estimates -- and raised its guidance for the full year -- as strong pricing for both new and off-lease vehicles helped offset production disruptions caused by a global shortage of computer chips. On an adjusted basis, excluding one-time items, Ford earned $0.13 per share on revenue of $26.8 billion.