Ferrari offers cautious guidance. The stock revs higher anyway.

Dow Jones
02-04

MW Ferrari offers cautious guidance. The stock revs higher anyway.

By Steve Goldstein

Ferrari earnings for the fourth quarter top expectations

Sports-car maker Ferrari NV reported a jump in fourth-quarter profit, buoyed by product mix even as shipments grew just 2%.

Ferrari said its fourth-quarter profit jumped 31% to EUR386 million ($399 million), or EUR2.14 per share. Revenue rose 14% to EUR1.74 billion.

Analysts expected earnings of EUR1.87 per share on sales of EUR1.66 billion, according to FactSet.

Ferrari reported a "richer product and country mix as well as increased personalizations."

For 2025, it's targeting adjusted earnings per share above EUR8.60 - weaker than the EUR8.88 consensus - on revenue above EUR7 billion, which lags behind estimates of EUR7.13 billion.

New York-listed Ferrari shares $(RACE)$ (IT:RACE) rose 4% in premarket trade. The stock has gained 13% over the last 52 weeks.

-Steve Goldstein

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(END) Dow Jones Newswires

February 04, 2025 07:02 ET (12:02 GMT)

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