UPDATE 2-Ford lifts earnings outlook, cites finance arm

Newswire

(Adds analyst comment and stock price) DETROIT, June 16 (Reuters) - Ford Motor Co. raised its earnings estimates for the second time this year on Wednesday on lower-than-expected credit losses. The second-largest U.S. automaker, which has been sacrificing lower-margin sales in a bid to improve profits, said it now expects earnings in the range of $1.65 to $1.75 per share this year compared with a previous estimate of $1.50 to $1.60 a share. For the second quarter, Ford said it sees ...

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