Ferrari: 2Q Earnings Snapshot
MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Friday reported second-quarter profit of $206.8 million.
On a per-share basis, the Maranello, Italy-based company said it had net income of $1.09.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The luxury sports car maker posted revenue of $1.11 billion in the period.
Ferrari expects full-year earnings in the range of $3.93 to $4.16 per share.
Ferrari shares have increased 64% since the beginning of the year. The stock has risen 38% in the last 12 months.