(Reuters) - Ford Motor Co's (NYSE:N) operating earnings for the second quarter beat Wall Street expectations as better-than-expected profit in North America and Europe countered weaker results than expected in Asia Pacific and South America.
 
Excluding one-time items, Ford showed a profit of $2.6 billion, or 40 cents per share, which topped the 36-cent-per-share forecast by analysts surveyed by Thomson Reuters I/B/E/S.
 
For the quarter, Ford's net income was $1.3 billion, or 32 cents per share, up from $1.23 billion, or 30 cents per share, a year earlier.

Continue Reading Below

 
 
Ford set a record for operating profit in North America at $2.44 billion, and it showed its first profit in Europe in three years.
 
(Reporting by Bernie Woodall; Editing by Lisa Von Ahn)