Ford earns $1.2B in 2Q on strong U.S., China sales

dEARBORN, mIch. >> Ford Motor Co. says it earned $1.2 billion in the second quarter as U. S. pickup truck demand and growing sales in China offset losses in Europe.

Ford raised its forecast based on the April- June results.

The Dearborn, Mich.-based automaker now expects its full-year pretax profit to be equal to or better than the $8 billion it reported a year ago.

Previously the company had expected to match last year's results.

Ford's earned 30 cents per share in the latest quarter, the same as a year ago.

Without one-time items, including separation payments in Europe, the company earned 45 cents per share.

That surpassed analysts' forecast of 37 cents, according to FactSet.

Revenue was up 14 percent to $38.1 billion.

Ford earned $2.3 billion in North America and a best- ever profit of $177 million in Asia.