Ford is growing in the 1st quarter

(AOF) – Ford is expected to rise in the premarket on Wall Street after posting better-than-expected quarterly results. The US automaker posted adjusted earnings per share of $0.49 versus the $0.42 expected, on revenue of $43 billion above consensus of $40.10 billion. Ford is still targeting annual EBIT of between $10 and $12 billion, and is raising its free cash flow forecast to between $6.5 to $7.5 billion versus $6 to $7 billion previously.

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