Reported 20 days ago
Ferrari's stock fell 7.36% after the company reported third-quarter results that met expectations but showed a 2% drop in deliveries, largely due to a significant 22% decline in shipments to China. Revenue rose to €1.64 billion ($1.79 billion), with adjusted EPS matching estimates. Despite this delivery slump, Ferrari reaffirmed its positive full-year outlook, anticipating revenue of €6.55 billion ($7.14 billion) for the year, supported by strong demand in other regions and continued interest in high-end models like the Ferrari Purosangue SUV and the Daytona SP3.
Source: YAHOO