Ford Motor is about to report earnings. Here’s what to expect

DETROIT — Ford Motor

is set to report second-quarter earnings after the markets close Wednesday.

The Detroit automaker’s results are expected to be relatively healthy, although down from the second quarter of 2023 and not as strong as its crosstown rival General Motors

, which released earnings Tuesday.

Those results would mark a 3.8% increase in revenue compared to a year earlier and a 5.2% decline in adjusted earnings per share. Ford’s second-quarter results last year included $42.43 billion in revenue; net income of $1.92 billion, or 47 cents per share; and adjusted earnings before interest and taxes, or EBIT, of $3.79 billion.

Ford’s guidance for the year includes adjusted EBIT of between $10 billion and $12 billion and free cash flow of $6.5 billion to $7.5 billion.

Ford’s stock is up about 15% this year, as pricing in the automotive industry has remained more resilient than expected.

But as the industrywide transition to electric vehicles takes off more slowly than anticipated, the automaker has adjusted its product plans to focus less on all-electric vehicles and more on hybrids.