Demand for Ford’s F pickup trucks saved the day in the second quarter.
The automaker reported second quarter adjusted earnings of 56 cents a share, trouncing estimates for 43 cents a share. Ford’s bottom line was padded by strong sales in the high margin truck category. In the U.S., Ford said its F-Series had its best second quarter sales performance since 2001, with a 7% increase versus last year. Average transaction prices of $45,400 per truck were up $3,100 from a year ago.
TheStreet talked with Bob Shanks, Ford CFO, about the quarter and outlook.
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