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Illinois pension fund boosts Ford stock, despite revenue dip, after earnings beat estimates.
The Illinois Municipal Retirement Fund increased its holdings in Ford Motor Company by 19.4% in the first quarter, adding 54,860 shares.
Ford reported earnings per share of $0.14, beating estimates by $0.16.
However, revenue was down 6.2% from the same quarter last year.
Ford's stock price rose by 1.6% to $10.81 on Friday, with analysts predicting a full-year EPS of 1.47.
The company's market cap is $42.99 billion, and it has a P/E ratio of 8.65 and a debt-to-equity ratio of 2.26.
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El fondo de pensiones de Illinois incrementa las acciones de Ford, a pesar de la caída de los ingresos, después de que las ganancias superaron las estimaciones.