Ferrari Shares Jump on Q4 Earnings Beat and Lifted Delivery Outlook

RACERACE

Ferrari stock jumped after the automaker reported fourth-quarter earnings above analyst forecasts, reversing a recent share decline. Management flagged stronger gross margins and lifted its vehicle-delivery outlook for the year.

1. Q4 Earnings Beat Spurs Stock Rebound

Ferrari’s fourth-quarter results topped street estimates, triggering a rebound in shares that had been sliding over prior sessions. The beat was underpinned by improved profit margins on luxury models, and leadership raised its full-year vehicle-delivery guidance to reflect stronger demand.

Sources

FB