Reported about 5 hours ago
Ferrari NV's shares fell significantly, marking their steepest decline since 2016, after the company issued a cautious earnings forecast that disappointed investors. Despite plans to grow adjusted earnings to at least €3.6 billion by 2030, the projections reflected a slower growth rate than previously anticipated. The company has also scaled back its plans for electric vehicle production, indicating challenges in maintaining momentum in the luxury car market, especially in China.
Source: YAHOO