Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,441.17
    +59.82 (+0.71%)
     

  • Bitcoin USD

    60,903.89
    -583.08 (-0.95%)
     

  • CMC Crypto 200

    1,279.33
    -78.68 (-5.80%)
     

  • S&P 500

    5,217.58
    +3.50 (+0.07%)
     

  • Dow

    39,465.98
    +78.22 (+0.20%)
     

  • Nasdaq

    16,318.62
    -27.64 (-0.17%)
     

  • Gold

    2,368.80
    +28.50 (+1.22%)
     

  • Crude Oil

    79.48
    +0.22 (+0.28%)
     

  • 10-Yr Bond

    4.5000
    +0.0510 (+1.15%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Why Ferrari's Profitability Surged in the Second Quarter

John Rosevear, The Motley Fool
·6-min read
Why Ferrari's Profitability Surged in the Second Quarter

Ferrari (NYSE: RACE) said on Monday that its second-quarter operating profit rose nearly 15% from its result in the second quarter of 2019, before the COVID-19 pandemic, as it began shipments of a higher-priced new super sports car to eager buyers. On a per-share basis, Ferrari earned 1.11 euros ($1.32) in the second quarter, trouncing its 0.04 euro year-ago result and coming in ahead of the consensus Wall Street estimate of $1.20 as reported by Thomson Reuters. You might have noted that Ferrari's operating profit beat estimates, but its revenue fell a bit short of analysts' expectations.

Continue reading