Ferrari N.V. (NYSE:RACE) stock gained after the luxury auto company reported its fourth-quarter print and guidance.
The Italian car manufacturer reported quarterly sales growth of 14% year-on-year to $1.85 billion (1.74 billion euros). It beat the analyst consensus estimate of $1.66 billion.
Here’s a breakdown of the report:
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- EPS of $2.28 (2.14 euros) beat the analyst consensus estimate of $1.89.
- Revenue from cars and spare parts rose 16% year-over-year, and Sponsorship, commercial, and brand revenues increased by 22%. Total shipments grew by 2% year over year to 3,325 units.
- Adjusted EBITDA rose 15.2% Y/Y to 643 million ...