Ford earnings fell in the first quarter, but the automaker’s shares rallied in extended trading since Ford said a restructuring is starting to take hold.
Net earnings for the first 3 months of the year fell 34% to $1.15 billion, also weighed down with charges totaling almost $600 million. Adjusted profit totaled 44 cents per share. Revenue dropped to $40.34 billion.
While its operations swung to a profit, the Dearborn, Michigan-based automaker said Thursday its market share in North America increased.
In after-hours trading, Ford stocks jumped 6.8 percent.