Ferrari Q4 Net Profit Rises 33%; Initiates FY24 Outlook

RTTNews | 428 days ago
Ferrari Q4 Net Profit Rises 33%; Initiates FY24 Outlook

(RTTNews) - Italian luxury sports carmaker Ferrari N.V. (RACE) reported Thursday that its net profit for the fourth quarter increased to 294 million euros or 1.62 euros per share from 221 million euros or 1.21 euros per share in the prior-year quarter.

Net revenues for the quarter increased 11 percent to 1.52 billion euros from 1.37 billion euros in the same quarter last year.

Shipments for the quarter totaled 3,245 units, down 82 units or 2 percent from last year.

Looking ahead for fiscal 2024, Ferrari now projects adjusted earnings in the range of about or greater than 7.50 euros per share on net revenues of more than 6.4 billion euros.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Ferrari Q4 Net Profit Rises 3%; Initiates FY23 Outlook

Ferrari Q4 Net Profit Rises 3%; Initiates FY23 Outlook

Italian luxury sports carmaker Ferrari N.V. (RACE) reported Thursday that its net profit for the fourth quarter increased to 221 million euros or 1.21 euros per share from 214 million euros or 1.16 euros per share in the prior-year quarter.
RTTNews | 792 days ago
Ferrari Q3 Net Profit Rises 10%; Boosts FY22 Outlook

Ferrari Q3 Net Profit Rises 10%; Boosts FY22 Outlook

Italian luxury sports carmaker Ferrari N.V. (RACE) reported Wednesday that its net profit for the third quarter increased to 228 million euros or 1.23 euros per share from 207 million euros or 1.11 euros per share in the prior-year quarter.
RTTNews | 884 days ago
Pound Falls As European Shares Extend Losses On Growth Worries

Pound Falls As European Shares Extend Losses On Growth Worries

The British pound weakened against other major currencies in the European session on Friday, as European shares traded lower, extending steep losses from the previous session after U.S. President Donald Trump announced significantly harsher-than-expected tariffs.
RTTNews | 4h 34min ago
DAX Down 2.2% As Stocks Extend Recent Plunge

DAX Down 2.2% As Stocks Extend Recent Plunge

After suffering its worst setback in about eight months on Thursday, the German market is deep down in negative territory again with stocks reeling under a fresh bout of selling pressure on Friday amid concerns about growth following U.S. President Donald Trump's tariff moves.
RTTNews | 4h 38min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 5h 15min ago
European Shares Extend Losses On Growth Worries

European Shares Extend Losses On Growth Worries

European shares traded lower on Friday, extending steep losses from the previous session after U.S. President Donald Trump announced significantly harsher-than-expected tariffs.
RTTNews | 5h 19min ago