Ferrari Shares Race Higher On Strong Q2 Results
Portfolio Pulse from Erica Kollmann
Ferrari N.V. (NYSE:RACE) shares surged after the company reported strong Q2 results, beating earnings and revenue estimates. The company also raised its 2024 guidance, driven by increased demand and product mix enrichment.
August 01, 2024 | 3:22 pm
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Ferrari N.V. reported better-than-expected Q2 earnings and revenue, leading to a 2.04% increase in share price. The company also raised its 2024 guidance, driven by strong demand and product mix enrichment.
Ferrari's strong Q2 performance and raised guidance indicate robust financial health and growth prospects, likely driving short-term stock price appreciation.
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RELEVANCE 100