July 27 (Lagos) - Shares of Ford Motor Company based in Detroit, Michigan rose strongly after the automaker posted sharply higher revenue and profit than when the analysts were expecting.
Company also announced an increase in dividend which now stands at 15 cents a quarter.
Microsoft also posted strong results but Facebook parent META posted lower revenue for first time in its history.
The stock markets in the USA were up sharply today and investors are hoping that the rally will continue because it has been a painful 2022 across the board.
reporting for easykobo.com on Wednesday, July 27 2022 from Lagos, Nigeria