AP NEWS
Related topics

Ferrari: 4Q Earnings Snapshot

February 4, 2020 GMT

MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Tuesday reported fourth-quarter earnings of $183.9 million.

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

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The luxury sports car maker posted revenue of $1.03 billion in the period.

For the year, the company reported profit of $783 million, or $4.16 per share. Revenue was reported as $4.22 billion.

Ferrari expects full-year earnings in the range of $4.32 to $4.38 per share, with revenue expected to be $4.54 billion.

Ferrari shares have climbed nearly 7% since the beginning of the year. The stock has risen 39% 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