Ford Motor Company (NYSE:F) released its earnings report for the three months ended June 30 this morning before the market opened. The company revealed earnings of $0.45 per share for the quarter on revenue of $38.1 billion. On Tuesday’s market shares in Ford Motor Company closed at $17.02. Shares were trading up in pre-market trading at time of writing.

Ford

In the run up to the release of this report analysts studying Ford Motor Company (NYSE:F) were looking for earnings per share of 37 cents for the quarter on revenue of $35.3 billion. Ford Motor Company (NYSE:F) earned 30 cents per share on revenue of $31.3 billion in the same three months of 2012.

Ford stock boom

Since the start of 2013, shares in the Ford Motor Company have increased in value by more than 30 percent. things are looking up for the auto industry in the United States and Ford looks to be in a prime position to benefit from the changes. The company is more innovative and efficient than it has been in years, and possibly decades. Investors are confident in its future.

There are clouds on the horizon, however. Ford Motor Company (NYSE:F) is still losing money in its European operation, $1.8 billion dollars in this morning’s earnings report. That number came in lower than expected but it’s still significant. Ford cannot be called a truly successful company if its business in the United States is subsidizing its business around the world.

Ford has benefited from the trends in the auto industry and its own transformation but it is simply not there yet. The company raised its full year guidance in this morning’s earnings report, and good things will be expected from it. Whether or not it can deliver on those expectations depends on the company’s flexibility and the performance of the macro economy.

Ford Motor Company will host a conference call to discuss this earnings report at 9 am EDT.