Ford Motor Co.’s stock soared more than 6% in the extended session Tuesday after the carmaker reported quarterly revenue above Wall Street’s expectations and played up the growth of its hybrid-vehicle business.
Ford
F,
lost $526 million, or 13 cents a share, in the fourth quarter, contrasting with earnings of $1.3 billion, or 32 cents a share, in the year-ago period.
Adjusting for one-time items, including a pre-tax loss related to pensions, the carmaker earned 29 cents a share in the quarter, easily topping FactSet consensus for adjusted earnings of 12 cents a share.
Revenue shot up to $46 billion, from $44 billion a year ago, and well above FactSet’s forecast of $43.1 billion.
See also: General Motors wows investors with quarterly revenue that’s about $4 billion above consensus
Ford shares are off about 8% in the past 12 months, contrasting with gains of about 20% for the S&P 500 index
SPX
in the same period.
