As of this writing, shares of EMC were up in premarket trading to $27.04 per share, while Ford shares were up 1.24% to $16.64 per share

EMC Corp, Ford Motor Company Edge Out Earnings Estimates

EMC and Ford released their latest earnings reports before opening bell this morning. EMC reported non-GAAP earnings of 69 cents per share, a 15% increase, on $7 billion in revenue, a 5% increase and a new record. Analysts had been expecting the company to report earnings of 68 cents per share on $7.1 billion in revenue.

Ford reported non-GAAP earnings of 26 cents per share on $35.9 billion in revenue. That’s compared to $37.6 billion in sales last year in the same quarter. Analysts had been expecting the automaker to report earnings of 23 cents per share on $34.71 billion in revenue.

Key metrics from EMC’s earnings report

EMC’s GAAP earnings per share rose 17% to 56 cents per share. For the full year, revenue rose 5% to $24.4 billion. GAAP net income was $2.7 billion, a 6% decline, while GAAP earnings were $1.32 per share, a 1% decline. Non-GAAP earnings were $3.9 billion, a 1% increase, or $1.90 per share, a 6% increase.

EMC’s Information Infrastructure business reported a 2% increase in quarterly and full year revenue, while VMware saw 16% increase in quarterly and full year revenue within EMC. Pivotal’s fourth quarter revenue improved 18%, while its full year revenue improved 27%.

For the current year, EMC expects revenues of about $26.1 billion and GAAP earnings to be about $1/27 per share. The company expects non-GAAP earnings of about $1.98 per share for this year.

Key metrics from Ford’s earnings report

Ford’s GAAP earnings were 1 cent per share, compared with 75 cents per share last year for the fourth quarter. For the full year, pretax profits were $6.3 billion, a $2.3 billion decline. Excluding items, full year earnings were $1.16 per share, a 47 cent per share decline year over year. Full year net income was 80 cents per share.

The automaker saw $4.5 billion in pretax profits from its Automotive segment in the fourth quarter. North America was profitable, and Ford saw record profits in the Asia Pacific region. The automaker’s results improved in Europe and the Middle East and Africa, but South America recorded a loss.

Wholesale volume was flat, and revenue fell 2%, although Ford saw a record market share in the Asia Pacific region, with China driving that result. The automaker launched 24 vehicles in 2014, a new record.

For this year, Ford expects pretax profits to be between $8.5 billion and $9.5 billion.