Ford earnings top Wall Street expectations; raises full year forecast

Ford topped analysts expectations on Wednesday, and raised its full year forecast, after a strong performance from its financing arm and sales of its F-Series and other trucks.

Earnings were also improved by favorable tax rates.

The company said second-quarter net income of $2 billion was flat with the year ago.

On a per share basis, net earnings rose to 51 cents from 49 cents a year earlier.

On an adjusted basis, Ford earned 56 cents a share, which outpaced analysts estimates of 43 cents a share, according to Thomson Reuters estimates.

"This quarter shows the underlying health of our company with strong products like F-Series and commercial vehicles around the world, but we have opportunity to deliver even more," said recently appointed CEO Jim Hackett.