Ford shares move higher in the after-hours trading session after reporting a beat on Q2 earnings. Yahoo Finance Live examines the automaker's full-year guidance and EV transition as it enters a partnership to roll out charging infrastructure.

This post was written by Luke Carberry Mogan.

Video Transcript

AKIKO FUJITA: Welcome back to Yahoo Finance Live.

We are watching shares of Ford in after hours here up nearly 2% on the back of their latest quarterly results.

Looking at the numbers right now, revenue increasing 12% year on year to $45 billion.

Net income coming in at $1.9 billion.

Adjusted EBITDA also higher.

Cash and liquidity also coming in strong.

I'm looking through the release here, Seana.

And of course, the big focus is going to be on what's happening with their EV segment.

That Ford Model E revenue up here looking at 39%.

Looking at through those numbers right now, but you're seeing the stock up in a big way, partly because of their guidance SEANA SMITH: Yeah, their guidance was strong here.

The EPS beat overall coming in at $0.72.

Estimate on the Street was for $0.54.

When it comes to the Model E revenue for the second quarter, that though did come in a bit light with revenue there at $1.8 billion.

The Street was looking for $2.07 billion but it looks like the Street really focusing on the full-year guidance after the beat that they did just post here and what that says really in terms of demand.

There was lots of questions going into this report about what that demand picture is going to look like.

We know that Ford recently cut the price of its F-150 Lightning which people took as a sign that maybe the demand simply was not living up to that hype, when we talk about Ford pushing into the EV space trying to do all they can to expand their market share within that become more of a competitor here to Tesla which is, by far, the leader within the EV space.

Before that, at least for these results and the quick reaction from the street, we're looking at shares up almost 2% in extended trading.

AKIKO FUJITA: Yeah, beating expectations on strong demand for gas-powered vehicles.

But the question is going to be how much of that demand can be pushed over to the EV side of things.

You were talking about some of the price cuts that we have seen.

We've also seen Ford really try to expand a sort of their network here, the charging network at least most recently with Tesla.

So much of this is about a company in transition trying to address concerns that are out there that have hindered some of the adoption issues on EVs.

And it'll be interesting to hear what that commentary is like.

Because we keep hearing 2024 is going to be a big one, when you think about all the competitors out there that are going to be releasing even more models too, so it'll be interesting to see some of the comments coming through on that front.

SEANA SMITH: Yeah, it certainly will be.

And there was a lot of pressure on Ford going into this release after GM earlier this week raised their yearly guidance.

So the fact that we did get a raise here boosting its full-year adjusted EBITDA forecast and also posting that beat here.

That's a big reason why we're looking at shares trending to the upside here.

But again, a lot of focus is going to be on this earnings call, what we're going to hear from Jim Farley in terms of their strategy going forward and how exactly the second half of the year looks but also looking ahead, like you were saying, into 2024, 2025, and that EV adoption, whether or not they're able to attain some of those lofty goals that they've laid out for the next couple of years.