Ferrari N.V. (RACE) Releases Earnings Results, Beats Expectations By $0.12 EPS

Ferrari N.V. (RACE) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.29. The company posted revenue of $675.00 million in the period, compared to analysts expectations of $645.65 million. The company’s revenue was up 8.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on Ferrari N.V.. Shares were Reiterated by UBS on Feb 3, 2016 to “Buy” and Lowered the Price Target to $ 48 from a previous price target of $52 .

Ferrari N.V.

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