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Ford Shares Surge After Q1 Earnings Beat as U.S. Sales Offset Global Weakness

Ford Shares Surge After Q1 Earnings Beat as U.S. Sales Offset Global Weakness

shares closed up sharply higher Friday, after the carmarker posted stronger-than-expected first quarter earnings thanks to a surge in U.S. demand for its iconic pick-up trucks that offset weakening international demand. Shares ended up nearly 11% to $10.41, after Ford said earnings for the three months ending in March rose nearly 52% from the same period last year to a forecast-beating 44 cents a share. Ranger as it came to market, and Transit America's best selling van," Ford CFO Bob Shanks told investors on a conference call late Thursday.