Ford Stock

American automaker Ford is coming off its best quarter in 6 years, posting major gains that drove the Ford stock up 5% on Friday.

Ford Stock

In the last quarter, Ford earned $2.7 billion, a statistic that has shocked even the most optimistic of analysts. This amount roughly translates to 68 cents per share, a fact that will have investors jumping for joy. The highest estimates for Ford’s per share revenue were all below 50 cents per share.

This last quarter marks the fourth straight profitable quarter for Ford. The American automaker, which was one of the few to avoid bankruptcy during the recession, has seen its stock nearly double in value over the past year.

Currently, Ford stock is up some 89% since this time last year. The stock had fallen in the months of May and June, but is on the rise again this July.

Ford has succeeded over the past year as other auto makers have struggled. Most notably, Toyota has lost some market share in the United States after a series of recalls in several of its vehicles.

With Ford doing better than it has in years, investors are eager to see what the company can do to propel itself into more sustained profits.