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How Ford Motor Company Beat Estimates With a Surprise Profit Amid the Chip Shortage

·5 min read
How Ford Motor Company Beat Estimates With a Surprise Profit Amid the Chip Shortage
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Ford Motor Company (NYSE: F) reported second-quarter earnings on Wednesday afternoon that trounced Wall Street's estimates -- and raised its guidance for the full year -- as strong pricing for both new and off-lease vehicles helped offset production disruptions caused by a global shortage of computer chips. On an adjusted basis, excluding one-time items, Ford earned $0.13 per share on revenue of $26.8 billion.