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Ferrari: 3Q Earnings Snapshot

November 4, 2019

MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Monday reported third-quarter profit of $187.9 million.

The Maranello, Italy-based company said it had net income of $1 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The luxury sports car maker posted revenue of $1.02 billion in the period.

Ferrari expects full-year earnings in the range of $4.11 to $4.17 per share, with revenue expected to be $4.11 billion.

Ferrari shares have increased 62% since the beginning of the year. The stock has climbed 35% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RACE at https://www.zacks.com/ap/RACE