Ferrari: Q1 Earnings Snapshot
MARANELLO, Italy (AP) — MARANELLO, Italy (AP) — Ferrari NV (RACE) on Tuesday reported first-quarter profit of $382.2 million.
The Maranello, Italy-based company said it had net income of $2.12 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
The luxury sports car maker posted revenue of $1.72 billion in the period.
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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