Ferrari stock slides as China deliveries hit roadblock [Yahoo! Finance Canada]
Ferrari N.V. Common Shares (RACE)
Last ferrari n.v. common shares earnings: 2/4 05:58 am
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Source: Yahoo! Finance Canada
Ferrari ( RACE ) stock slipped on Tuesday after the Italian luxury automaker reported third quarter results that were in line with expectations but deliveries that slumped compared to a year ago. Ferrari does expect strengthening sales in Q4 to boost full-year results. For the quarter, Maranello-based Ferrari reported revenue of €1.64 billion ($1.79 billion), matching estimates as compiled by Bloomberg and up 7% versus a year ago. Adjusted EPS for Q3 came in at €2.08 ($2.27), also matching estimates, and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was €638 million ($695 million), up 7% and slightly ahead of Street estimates. Despite growth in revenue and profit, deliveries in the quarter dropped 2% versus a year ago to 3,383 units. While most regions saw slight sales growth (led by the Americas at 4%), China shipments tumbled 22%. Ferrari stock trading on the NYSE fell over 7% in midday trade. Ferrari N.V. (RACE) Despite somewhat lacklu
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RACE
News
- Are Options Traders Betting on a Big Move in Ferrari (RACE) Stock? [Yahoo! Finance]Yahoo! Finance
- FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAMGlobeNewswire
- Institutional investors may overlook Ferrari N.V.'s (NYSE:RACE) recent US$4.0b market cap drop as long-term gains remain positive [Yahoo! Finance]Yahoo! Finance
- Ferrari (NYSE: RACE) had its price target raised by analysts at UBS Group AG from $478.00 to $513.00. They now have a "buy" rating on the stock.MarketBeat
- Jim Cramer on Ferrari N.V. (RACE): ‘People Keep Betting Against It, That's Been A Sucker's Bet' [Yahoo! Finance]Yahoo! Finance
RACE
Earnings
- 11/5/24 - In-Line
RACE
Sec Filings
- 11/12/24 - Form 6-K
- 11/7/24 - Form 6-K
- 11/5/24 - Form 6-K
- RACE's page on the SEC website