Ferrari Q4 Net Profit Rises 3%; Initiates FY23 Outlook

RTTNews | 790 days ago
Ferrari Q4 Net Profit Rises 3%; Initiates FY23 Outlook

(RTTNews) - 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.

Net revenues for the quarter increased 17 percent to 1.37 billion euros from 1.17 billion euros in the same quarter last year. Net revenue grew 12 percent at constant currency.

Shipments for the quarter totaled 3,327 units, up 378 units or 13 percent from last year.

Looking ahead for fiscal 2023, Ferrari now projects adjusted earnings in the range of 6.00 to 6.20 euros per share on net revenues of approximately 5.7 billion euros.

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

read more
Ferrari Q4 Net Profit Rises 33%; Initiates FY24 Outlook

Ferrari Q4 Net Profit Rises 33%; Initiates FY24 Outlook

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.
RTTNews | 426 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 | 882 days ago
China Services Activity Growth Accelerates

China Services Activity Growth Accelerates

China's service sector growth accelerated to a three month-high in March on rising business activity and new orders, survey data from S&P Global showed on Thursday. The Caixin services Purchasing Managers' Index logged 51.9 in March compared to 51.4 in February. The index has remained above the crucial 50.0 no-change mark for the twenty-seventh straight month.
RTTNews | 4h 12min ago
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite Purchasing Managers' survey results from the euro area and the UK are the top economic news due at Thursday. At 3.15 AM ET, S&P Global publishes Spain's services and composite PMI survey data. The services indicator is forecast to fall to 55.6 in March from 56.2 in the previous month. At 3.45 am ET, services and composite PMI data is due from Italy.
RTTNews | 4h 43min ago
Sensex, Nifty Open Lower; IT And Auto Stocks Drag

Sensex, Nifty Open Lower; IT And Auto Stocks Drag

Indian shares were slightly lower on Thursday after U.S. President Donald Trump announced 26 percent reciprocal tariff on India - half the rate India imposes on U.S. imports, leaving some room for negotiation.
RTTNews | 5h 55min ago
Asian Markets Trades Mostly Lower

Asian Markets Trades Mostly Lower

Asian stock markets are trading mostly lower on Thursday, despite the positive cues from Wall Street overnight, after US President Donald Trump announced steeper-than-expected tariffs on US trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately."
RTTNews | 6h 46min ago