Ferrari finishes a record year by topping Wall Street's estimates
Publishing timestamp: 2024-02-01 11:04:19
Summary
Ferrari exceeded Wall Street's expectations for earnings in the fourth quarter, capping off a record year of profits. The company reported a net profit of 1.26 billion euros for 2023, with a revenue increase of 17%. Ferrari is forecasting even better results for 2024 and its shares reached a new 52-week high. Additionally, there are reports of Formula 1 star Lewis Hamilton potentially joining the Ferrari racing team in 2025.
Sentiment: POSITIVE
Keywords: ferrari nv, business, earnings, transportation, breaking news: earnings, business news, breaking news: business, autos,
Source: https://www.cnbc.com/2024/02/01/ferrari-race-q4-2023-earnings.html