We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ferrari NV | NYSE:RACE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 9.77 | 2.37% | 421.98 | 422.73 | 416.73 | 417.48 | 217,590 | 00:17:54 |
From Apr 2019 to Apr 2024
By Kim Richters
Ferrari NV said Monday that its second-quarter net profit fell significantly amid the coronavirus pandemic, but it backed its guidance for the year.
Net profit for the quarter was 9 million euros ($10.6 million) compared with EUR184 million a year earlier, the Italian sports-car maker said.
Earnings before interest and taxes declined 90% to EUR23 million.
Revenue fell 42% to EUR571 million, partly due to pandemic-related production suspensions that led to lower deliveries in its cars and spare-parts business.
The company backed its guidance for 2020, narrowing it within the previous range to reflect better visibility.
It said it now expects revenue for the year to be greater than EUR3.4 billion, adjusted earnings before interest, taxes, depreciation, and amortization to be EUR1.075 billion-EUR1.125 billion and adjusted EBIT of between EUR650 million and EUR700 million.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
August 03, 2020 08:15 ET (12:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Ferrari NV Chart |
1 Month Ferrari NV Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
