Ferrari (RACE) reported Q4 adjusted earnings Tuesday of 2.14 euros ($2.21) per diluted share, up from 1.62 euros a year earlier.

Analysts polled by FactSet expected 1.90 euros.

Net revenue for the quarter ended Dec. 31 was 1.74 billion euros, up from 1.52 billion euros a year earlier.

Analysts surveyed by FactSet expected $1.66 billion euros.

For full-year 2025, the company said it expects adjusted diluted EPS of at least 8.60 euros from net revenues of at least 7 billion euros. Analysts surveyed by FactSet expect 8.83 euros from sales of 7.13 billion euros.

The company shares were up more than 3% in recent premarket activity.