Ford Motor Company (F)’s Second-Quarter Earnings Beat Estimates

Ford Credit is the company’s in-house financing arm, and it made $454 million in the second quarter, up a bit from $438 million a year ago. Profits here ebb and flow with the rhythm of the company’s leasing business. This was a good result, as expected.

Ford says that its outlook is improving
Ford Motor Company (NYSE:F) management raised its full-year guidance for Europe. The company now expects full-year 2013 losses in Europe to be about $1.8 billion, or roughly in line with last year’s losses. It had previously said that it expected losses to total about $2 billion for the full year.

Ford’s “automotive liquidity” — that’s its total cash on hand (not counting cash related to its financing arm) plus its available credit lines — totaled $37.1 billion at the end of the quarter, up $2.6 billion from a year ago. That includes a $2 billion increase in Ford Motor Company (NYSE:F)’s cash hoard, which is up to $25.7 billion. Debt stands at a manageable $15.8 billion.

Long story short, this was another good quarter for Ford. Continued strength in North America plus genuine signs of improvement in all three of its overseas units add up to a good ongoing story, one that should give the stock a boost in the days to come.

The article Ford’s Second-Quarter Earnings Beat Estimates originally appeared on Fool.com and is written by John Rosevear.

Fool contributor John Rosevear owns shares of Ford. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford Motor Company (NYSE:F).

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