Ferrari again raises guidance as customers opt for high-priced, personalized sports cars
Publishing timestamp: 2023-11-02 13:42:12
Summary
Ferrari's third-quarter profit increased by 46% compared to the previous year. The luxury automaker has boosted its guidance for the full year and expects higher revenue and per-share profit. The company attributes its success to the popularity of personalized options and the demand for higher-end models. Ferrari's earnings report exceeded Wall Street analysts' expectations, with increased earnings per share and revenue. The company also saw an increase in vehicle shipments and emphasized the strength of its order book.
Sentiment: POSITIVE
Keywords: breaking news: earnings, business news, china, transportation, business, ferrari nv, breaking news: europe, breaking news: business, earnings,
Source: https://www.cnbc.com/2023/11/02/ferrari-race-q3-2023-earnings.html