Ferrari: Q4 Earnings Snapshot

Associated Press Finance
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MARANELLO, Italy (AP) — MARANELLO, Italy (AP) — Ferrari NV (RACE) on Thursday reported fourth-quarter profit of $316.6 million.

The Maranello, Italy-based company said it had net income of $1.74 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The luxury sports car maker posted revenue of $1.64 billion in the period.

For the year, the company reported profit of $1.36 billion, or $7.47 per share. Revenue was reported as $6.46 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RACE at https://www.zacks.com/ap/RACE

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