Ferrari Q2 EPS $2.00 Beats $1.77 Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferrari (NYSE:RACE) reported Q2 earnings of $2.00 per share, beating the analyst consensus estimate of $1.77 by 12.71%. This is a 37.59% increase from the same period last year. The company also reported quarterly sales of $1.61 billion, beating the analyst consensus estimate of $1.58 billion by 1.68%, a 16.76% increase from the same period last year.
August 04, 2023 | 10:53 am
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Ferrari's Q2 earnings and sales surpassed analyst estimates, indicating a strong financial performance.
Ferrari's Q2 earnings and sales exceeded analyst estimates, which is a positive signal for the company's financial health. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100