Ford increased its full-year adjusted earnings forecast to a range of between $11 billion and $12 billion, up from a prior forecast $9 billion and $11 billion.
It also upped its expected adjusted free cash flow to a range of $6.5 billion to $7 billion from earlier guidance of $6 billion.
However, he said, electric vehicle adoption is taking place more slowly than the company expected, in part because of higher costs.
Ford's traditional business operations, known as Ford Blue, earned $2.31 billion during the quarter, while it's Ford Pro commercial business earned $2.39 billion.
Ford said its adjusted earnings before interest and tax, or adjusted EBIT, jumped to $3.79 billion, up from $3.72 billion a year ago.
Persons:
EVs, Motors, John Lawler, it's, Ford, CNBC's Michael Bloom
Organizations:
DETROIT, Ford, it's Ford Pro, Refinitiv