NEW YORK (TheStreet) -- Shares of Ford Motor Co. are higher by 1.41% to $18.03 in pre-market trading on Thursday after the automotive company reported an increase in net income to $1.3 billion, or 32 cents per share for the 2014 second quarter, compared to $1.2 billion, or 30 cents per share for the year ago quarter. Ford posted a profit, excluding one-time items, of $2.6 billion, or 40 cents per share, beating the 36 cents per share estimated by analysts polled by Thomson Reuters. Revenue for the most recent quarter was $37.4 billion, compared to $37.9 billion for the 2013 second quarter, missing analysts' estimates of $38.13 billion. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.