Visitor stroll beyond a Ford Escape Titanium in the Shanghai Auto Show in Shanghai on April 17, 2019.Greg Baker| AFP | Getty ImagesFord Motor performed much better than Wall Street anticipated during the next quarter, actually beating its expectations since the coronavirus caused rolling shutdowns of its crops across the globe.Here’s the way Ford performed what Wall Street anticipated, according to average analysts’ estimates compiled by Refinitive.Adjusted EPS: A reduction of 35 cents per share versus a loss of $1.17 per share expected.Automotive earnings: $16.6 billion vs $15.95 billion expected.Shares of Ford jumped over 4% in post-market trading later releasing its earnings Thursday evening. The stock closed at $6.74, down 2.6%.Ford reported an adjusted pretax loss of $1.9 billion – more than $3 billion better than expected. Ford CFO Tim Stone warned investors in April that the company expected to lose more than $5 billionon that an adjusted pretax basis, during the second quarter as the pandemic shuttered factories and severely hampered auto sales.The company managed to report a net profit of $1.1 billion during the second quarter, including a $3.5 billion gain on a previous investment in autonomous vehicle startup Argo AI.Ford owns about 40% of Argo AI following German automaker Volkswagen purchasing an equal stake in the company from Ford at an evaluation of $7.5 billion. The investment closed in June. Analysts and investors were watching to see if Ford would be able to pare back those expected losses since consumer demand in the U.S. was stronger than anticipated, especially for rugged trucks and SUVs. The company also resumed normal shift operations at domestic plants a month ahead of schedule.Ford burned through $5.3 billion during the second quarter, up from $2.2 billion during the first quarter — numbers that are being closely tracked by Wall Street.Investors are also watching for any guidance on when Ford might pay down its debt and for updates to an $11 billion restructuring plan led by Ford CEO and President Jim Hackett.”They’ve got a ton of cash. They’re certainly not going to run out of money this year,” Morningstar analyst David Whiston told CNBC ahead of Ford’s earnings release. “Ford’s problem, as they’ve said in their own words, they’re not physically fit.”General Motors, which reported its second-quarter earnings Wednesday, said it lost $536 million on an adjusted basis, which was greater than Wall Street anticipated. On an unadjusted basis, the firm lost $806 million and it burned through $7.8 billion in cash throughout the quarter.During the first quarter, Ford lost $2 billion and burned through $2.2 billion in cash.Both Ford and GM roughly doubled their automotive debt to $30 billion during the first quarter to help bolster their balance sheets and get through the Covid crisis.GM said Wednesday it expects to repay a $16 billion revolving credit line it drew down in March by the end of the year.This is breaking news. Please check for upgrades.