Ferrari N.V. (RACE), Thursday announced a net profit of 424 million euros or 2.38 euros per share for the second quarter compared to 412 million euros or 2.29 euros per share in the previous year.
On adjusted basis, profit stood at 2.38 euros per share compared to 2.29 euros per share last year.
Analysts, on average, expect earnings of 2.31 euros per share for the same period.
Net revenues increased to 1,787 million euros from 1,712 million euros in the prior year.
Looking ahead, the company anticipates net revenues of over 7 billion euros, and adjusted earnings of equivalent to or more than 8.60 euros for the fiscal year 2025.
Analysts, on average, project revenue of 7.18 billion euros, and earnings of 9.05 euros for the full year 2025.
In the pre-market hours, RACE is moving down 5.62 percent, to $471.12 on the New York Stock Exchange.
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