Ford Motor Co. said its second-quarter normalized net income amounted to 45 cents per share, compared with the S&P Capital IQ consensus estimate of 37 cents per share.
EPS rose 40.6% year over year from 32 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.79 billion, an increase of 37.8% from $1.30 billion in the year-earlier period.
The normalized profit margin climbed to 5.5% from 3.5% in the year-earlier period.
Total revenue came to $37.26 billion, compared with $37.41 billion in the prior-year period, and total operating expenses declined from the prior-year period to $34.95 billion from $35.41 billion.
Reported net income increased 42.3% from the prior-year period to $1.88 billion, or 47 cents per share, from $1.32 billion, or 32 cents per share.
