Ferrari Q1 Sales EUR 1.585B Beat $1.572B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferrari (NYSE:RACE) reported Q1 sales of $1.585 billion, surpassing the analyst consensus estimate of $1.572 billion by 0.81% and marking a 3.32% increase from $1.534 billion in the same period last year.
May 07, 2024 | 10:45 am
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Ferrari reported Q1 sales of $1.585 billion, exceeding estimates and showing a year-over-year growth.
Beating sales estimates and showing year-over-year growth are positive indicators for a company's financial health and often lead to positive investor sentiment. This outperformance, especially in a prestigious brand like Ferrari, is likely to have a positive short-term impact on its stock price.
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