RACE - Ferrari's High Gear Q4 Performance: Surging Sales Soaring Profits With Optimistic Outlook | Benzinga
Ferrari N.V. (NYSE:RACE) shares are trading higher on Thursday after reporting fourth-quarter results.
The company reported fourth-quarter FY23 sales growth of 11% year-on-year to $1.639 billion (€1.523 billion), beating the analyst consensus estimate of $1.630 billion.
Cars and spare parts revenue rose 11% Y/Y, and Engines increased by 7%. Total shipments fell 2% to 3,245 units.
Adjusted EBITDA ...