Ferrari: Q1 Earnings Insights

Shares of Ferrari RACE rose 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 8.33% year over year to $0.99, which beat the estimate of $0.93.

Revenue of $1,028,000,000 lower by 4.10% from the same period last year, which beat the estimate of $949,080,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 04, 2020

Time: 03:03 PM ET

Webcast URL: https://edge.media-server.com/mmc/p/qepjihmu

Technicals

52-week high: $180.95

Company's 52-week low was at $127.73

Price action over last quarter: down 11.47%

Company Profile

Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients.