NEW YORK (TheStreet) -- Shares of Ford Motor Co. (F - Get Report) are higher by 1.41% to $18.03 in pre-market trading on Thursday after the automotive company reported an increase in net income to $1.3 billion, or 32 cents per share for the 2014 second quarter, compared to $1.2 billion, or 30 cents per share for the year ago quarter.
Ford posted a profit, excluding one-time items, of $2.6 billion, or 40 cents per share, beating the 36 cents per share estimated by analysts polled by Thomson Reuters.
Revenue for the most recent quarter was $37.4 billion, compared to $37.9 billion for the 2013 second quarter, missing analysts' estimates of $38.13 billion.
Separately, TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."