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Ford Motor Company (NYSE:F) shares gained 1% following the report in afterhours trading.
The automotive company announced EPS of 72 cents on revenue of $45 billion. Analysts polled by Investing.com anticipated EPS of 53 cents on revenue of $43.04 billion.
Looking ahead, the company lifted its full-year 2023 adjusted EBIT to between $11 billion to $12 billion from $9 billion to $11 billion previously.
The company also raised its expectations for full-year adjusted free cash flow to between $6.5 billion and $7 billion, with capital expenditures of between $8 billion and $9 billion.
