NEW YORK (TheStreet) -- Shares of Ford Motor Co (F) - Get Reportwere driving higher by 1.72% to $14.80 in early market trading Tuesday, after the car maker reported its better than expected quarterly earnings results this morning.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says, "This could be Ford CEO Mark Fields' break out quarter. I really like the turn in Europe, and the U.S. market is very strong for them and getting stronger. Fields is in the driver seat."

The automaker topped analysts' expectations on both the top and bottom line, due to the continued strength of North American sales, led by its F-150 pickup truck, according to CNBC.

For the second quarter, the automaker earned 47 cents per share on revenue of $37.3 billion.

Wall Street had expected Ford to earn 37 cents a share on $35.34 billion in revenue, according to consensus estimates from Thomson Reuters.

The second largest U.S. automaker reported its record high quarterly profit in North America, with overall automotive profit marking its best quarterly performance since 2000.

"We delivered an outstanding second quarter, a great first half of 2015, and we are confident the second half of the year will be even stronger," company CEO Mark Fields said in a statement.

Looking ahead, Ford kept its full-year 2015 operating profit forecast of between $8.5 billion and $9.5 billion.

Dearborn, Mich.-based Ford is a manufacturer of automobiles, and is engaged in other businesses, including financing vehicles.

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 few notable 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. Among the primary strengths of the company is its generally strong cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."

You can view the full analysis from the report here: F Ratings Report

F data by YCharts

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