This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ford Sees 'Road Bump' in China; F-150 Sales Strength Continues

7/28/15 1:39 PM EDT
Ford Motor (F) posted second quarter results that topped Wall Street forecasts on continued strength in North America and strong sales of the Ford Edge and the F-150 truck. For the quarter, Ford earned $0.47 a share, ten cents better than estimates and on the top line it posted sales of $37.3 billion, that was roughly a billion dollars better expected. Looking ahead to the second half of 2015, Ford's CFO Bob Shanks said, 'one of the factors will be that F-150 will be at full production and at the appropriate stock levels by the end of the third quarter.' The automaker says it has seen record transaction prices on the F-150 and incentives have averaged around $3,900 for each truck. Shanks said it's likely the incentives will grow as the truck moves through its life cycle, but the company expects transaction prices to remain 'well-above' where they've been in the past. But, despite the upbeat outlook, Shanks said sales in China are a concern. Commercial sales slid 10 percent in the first half of the year and passenger vehicle sales were up roughly one percent. Shanks attributes the issues to weakness in consumer confidence and the government's moves away from being an export economy. The automaker lowered its overall industry sales forecast for China to between 23 million and 24 million vehicles, from its previous estimate of 24.5 million to 26.5 million at the start of the year.
Stocks in this video: FAAPLGOOG
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Top Rated Stocks Top Rated Funds Top Rated ETFs