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July 31, 2020

Ford posts surprise $1.12B 2Q profit

DETROIT (AP) — Ford Motor Co. on Thursday surprised Wall Street by posting a $1.12 billion second-quarter net profit due to gains on its stake in the Argo AI autonomous vehicle operation.

Without the $3.5 billion gain, the company lost $1.9 billion, or a 35 cents per share. That beat Wall Street expectations of a $1.17 per-share loss.


 
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