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
Infographic: Highlights of GameStop’s Q1 2023 earnings report
Video game company GameStop Corp. (NYSE: GME) on Wednesday reported a narrower net loss for the first quarter of 2023 despite a decline in sales. The company posted a net
Adobe’s (ADBE) Q2 report is due on June 15. What to look for?
After entering the new fiscal year on an upbeat note, design software maker Adobe Inc. (NASDAQ: ADBE) is all set to report second-quarter results on June 15, after the closing
Key takeaways from Campbell Soup’s (CPB) Q3 earnings report
Shares of Campbell Soup Company (NYSE: CPB) were down 7% on Wednesday, following the announcement of the company’s third quarter 2023 earnings results. Although earnings beat projections and revenue came