Categories AlphaGraphs, Earnings, Industrials
Earnings: Highlights of Ferrari’s (RACE) Q1 2023 financial results
Supercar maker Ferrari NV (NYSE: RACE) has announced financial results for the first quarter of 2023, reporting an increase in revenues and net profit.
First quarter net revenues increased 20% year-over-year to EUR1.43 billion from EUR1.19 billion in the same period of last year. Total shipments were 3,567 units, up 9.7% year-over-year.
Net profit attributable to the company came in at EUR297 million, or EUR1.62 per share, compared to EUR239 million, or EUR1.29 per share, in the first quarter of 2022.
“We have decided to reopen orders for the Purosangue, suspended due to initial unprecedented demand, and launched the Roma Spider to further enrich our offer. We are on track with our electrification journey on the development of both sports cars and infrastructures in Maranello,” said Ferrari’s CEO Benedetto Vigna.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
