Tag: $Ferrari

Ferrari (RACE) stock was rising on Tuesday and looked set to end a rough recent run after the Italian supercar maker reported better-than-expected earnings and issued guidance for the current year, easing investors’ fears about tighter margins.

Ferrari topped Wall Street’s earnings and revenue targets on Tuesday, as the Italian supercar maker bids to drum up some enthusiasm from investors following an electric-vehicle reveal that didn’t go to plan.

Luxury sports-car maker Ferrari on Thursday raised its annual guidance and said it expected to reach revenue of around 9 billion euros ($10.5 billion) in 2030.

Ferrari (RACE.MI), has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters.

Core earnings rose 15% in the first quarter at luxury sports-car maker Ferrari on a richer product line-up and demand for personalisations, the company said on Tuesday, although it reiterated U.S. tariffs could hit profitability this year.

Ferrari (RACE.MI),  has been preparing for years for electrification, starting with Formula One powertrains, as it nears the launch of its first fully electric (EV) model in October, Chairman John Elkann said on Wednesday.

Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to the price of a typical Ferrari.

Luxury sports car maker Ferrari said on Tuesday its revenue and core earnings would rise by at least 5% this year, supported by strong product delivery and demand for personal touches to its vehicles, having met targets for 2024.

Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in car shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalisation.

Ferrari N.V. reported better-than-expected earnings for the fiscal Q2 and raised its adjusted EBITDA forecast for the full fiscal 2024.

 Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year but its shares fell as the luxury sports car maker failed to excite investors despite what its CEO called a “very positive” start of the year.

Luxury sports car maker Ferrari has unveiled two new models, the 12Cilindri and the 12Cilindri Spider, appealing to lovers of its most powerful roaring petrol engines.

Ferrari  stock is up after the iconic sports car maker posted another solid quarter. It’s another reminder for investors that Ferrari isn’t really a car company.

Ferrari raised its full-year guidance after profit and revenue grew in the third quarter on a better sales mix and higher demand for vehicle customization.

Luxury sports automaker Ferrari on Thursday unveiled two new plug-in hybrid models, produced in limited series and hitting the top end of the its price range.