Ford Beats Q2 Earnings Estimates Despite $800M Tariff Impact

Ford Motor Company surpassed analyst expectations for Q2 earnings and revenue, reporting $50.2 billion in sales against a $44.14 billion Bloomberg consensus estimate. The automaker reinstated full-year guidance but revealed an $800 million tariff hit this quarter, prompting an upward revision of its full-year tariff exposure to $2 billion.

CFO Sherry House outlined mitigation strategies including potential price adjustments and logistical optimizations for cross-border shipments. The company now forecasts adjusted EBIT of $6.5-$7.5 billion for 2024, notably lower than its previous $7.0-$8.5 billion projection before withdrawing guidance in February.

Investors reacted negatively to the tariff disclosures, with shares dropping over 4% in after-hours trading. The earnings beat of $0.37 per share versus $0.33 expected was overshadowed by growing concerns about protectionism's impact on automotive profitability.