Ford Earnings Beats Wall Street Estimates

Ford Motor Co (F.N) reported a higher-than-expected quarterly profit on Friday as strong results in North America helped offset weak international results and higher taxes.

Ford shares rose 2.4 percent to $12.16 in premarket trading after its profit from continuing operations beat expectations.

Excluding one-time items, the company reported a profit of 39 cents per share compared to analyst expectations of 35 cents, according to Thomson Reuters I/B/E/S.

The No. 2 U.S. automaker reported first-quarter net income of $1.40 billion, or 35 cents per share, down from the $2.55 billion, or 61 cents a share, a year earlier.

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