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Investing.com -- Ford Motor Company (NYSE:F) lowered its full-year earnings outlook due to a $2 billion net headwind from tariffs. Shares of the company were down 3% in aftermarket trading.
The company now expects adjusted EBIT of $6.5 billion to $7.5 billion for 2025, down from its earlier range of $7 billion to $8.5 billion.
The new forecast reflects a $3 billion hit from tariffs, which is partially offset by $1 billion in recovery measures.
The automaker topped quarterly profit and revenue estimates on strong performance across its business segments.
Second-quarter earnings came in at 37 cents per share, beating analysts’ average estimate of 31 cents.
Revenue rose to $50.18 billion, ahead of expectations for $45.29 billion.
CEO Jim Farley said the company’s Ford+ strategy along with Ford Pro and Ford Blue contributing to both revenue and margin growth.
Ford Model e, the EV division, is making efficiency gains, and the company said in its earnings release that it plans to unveil more on its next-generation electric vehicles at an event in Kentucky on August 11.
Ford CFO Sherry House said the company has posted its fourth consecutive quarter of year-over-year cost improvements, excluding tariff impacts, and continues to strengthen its balance sheet.