Ferrari Q1 2024 GAAP EPS EUR 1.95 Beats EUR 1.85 Estimate, Sales EUR 1.585B Beat EUR 1.572B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferrari (NYSE:RACE) reported Q1 2024 earnings of $1.95 per share, surpassing the $1.85 estimate, marking a 20.37% year-over-year increase. Sales reached $1.585 billion, exceeding the $1.572 billion forecast, up 3.32% from the previous year.
May 07, 2024 | 10:47 am
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Ferrari's Q1 2024 earnings and sales exceeded analyst expectations, with significant year-over-year growth in both metrics.
Ferrari's better-than-expected Q1 2024 earnings and sales figures indicate strong financial health and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100