Ferrari is on a tear
Andrew Burton/Getty Images
Ferrari reported first-quarter earnings in Thursday.
The results, according to Reuters, were a “better-than-expected 36 percent rise.”
Ferrari made 242 million euros in Q1, “above a Thomson Reuters SmartEstimate consensus of 222 million euros,” Reuters said.
The topline was 821 million euros, which came in above expectations of 767 million euros.
Reuters said that Ferrari was “helped by sales of its 12 cylinder models such as the GTC4Lusso and the newly-launched LaFerrari Aperta hybrid convertible.”
Ferrari shares were up 3% in pre-market action on Thursday, to $79. (Ferrari reports in euros but is traded in US dollars on the NYSE.)
Over the last 12 months the carmaker, which was spun off from Fiat Chrysler Automobiles in a 2015 IPO, has seen its stock rise over 70%, making it the best performer in the sector. It is even outpacing Tesla, which has seen a huge rally in its own shares since the beginning of 2017.
Markets Insider
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2q2G1WO
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Post a Comment