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Q2 2024 RESULTS CONFIRM STRONG EXECUTION AND CONTINUED GROWTH 2024 GUIDANCE REVISED UPWARD
Newsfilter· 2024-08-01 10:56
Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") today announces its consolidated preliminary results(1) for the second quarter and six months ended June 30, 2024: Net revenues of Euro 1,712 million, up 16.2% versus prior year, with total shipments of 3,484 units up 2.7% versus Q2 2023 Adjusted EBIT of Euro 511 million, up 17.0% versus prior year, with adjusted EBIT margin of 29.9% Adjusted net profit of Euro 413 million and adjusted diluted EPS at Euro 2.29 Adjusted EBITDA of Euro 669 million, up ...
Q2 2024 RESULTS CONFIRM STRONG EXECUTION AND CONTINUED GROWTH 2024 GUIDANCE REVISED UPWARD
GlobeNewswire News Room· 2024-08-01 10:56
Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") today announces its consolidated preliminary results(1) for the second quarter and six months ended June 30, 2024: Net revenues of Euro 1,712 million, up 16.2% versus prior year, with total shipments of 3,484 units up 2.7% versus Q2 2023 Adjusted EBIT of Euro 511 million, up 17.0% versus prior year, with adjusted EBIT margin of 29.9% Adjusted net profit of Euro 413 million and adjusted diluted EPS at Euro 2.29 Adjusted EBITDA of Euro 669 million, up ...
Will Ferrari (RACE) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-07-31 17:11
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Ferrari (RACE) . This company, which is in the Zacks Automotive - Original Equipment industry, shows potential for another earnings beat. When looking at the last two reports, this luxury sports car maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.68%, on average, in th ...
Ferrari (RACE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-25 15:07
The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This luxury sports car maker is expected to post quarterly earnings of $2.15 per share in its upcoming report, which represents a year-over-year change of +8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the cov ...
Ferrari to accept crypto-payments in Europe
TechXplore· 2024-07-24 13:47
Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States. "By the end of 2024, Ferrari will expand cryptocurrency transactions to other countries in its international dealer network, where cryptocurrencies are legally accepted." Billionaire Elon Musk declared in 2021 that he would sell Tesla cars for bitcoins—before changing his mind, arguing that its production was too polluting and that he would only accept it wh ...
Ferrari: Quantitative Analysis Suggests The Stock Is Overvalued
Seeking Alpha· 2024-07-23 10:25
Editor's note: Seeking Alpha is proud to welcome Anton Zharkov as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » gmalandra I am not a brand ambassador and have no open positions in the company's shares, but I consider myself a great admirer of the Ferrari (NYSE:RACE) business. This car manufacturer should not need too much ...
Ferrari to Announce Second Quarter 2024 Financial Results on August 1
Newsfilter· 2024-07-16 17:35
A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. Maranello (Italy), July 17, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2024 will be released on Thursday, August 1, 2024. A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. Details for accessi ...
Ferrari to Announce Second Quarter 2024 Financial Results on August 1
GlobeNewswire News Room· 2024-07-16 17:35
A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. Attachment Maranello (Italy), July 17, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2024 will be released on Thursday, August 1, 2024. Details ...
​晚点财经丨红杉募资180亿元,在手资金超千亿;中概股以前借钱做新业务,现在买自家股票
晚点LatePost· 2024-07-10 14:52
富士康提前旺季招工,时薪略高于去年同期 红杉募资 180 亿元,在手资金超千亿 中概股以前借钱做新业务,现在买自家股票 法拉利要如何破解超豪华电动车难题 差一点,就有非美国西海岸诞生的万亿美元公司 关注《晚点财经》并设为星标,第一时间获取每日商业精华。 红杉募资 180 亿元,在手资金超千亿 据媒体报道,红杉中国 3 月完成一支新的人民币基金募资,金额为 180 亿元,用于投资初创公司。这是 近一年中国风险投资机构最大的一笔募资。 不包括这笔投资,红杉中国在手现金约为 153.2 亿美元、约占其资管规模四分之一。其中,大部分都来 自于 2022 年 7 月它们完成的 90 亿美元募资。 红杉资本去年 6 月宣布美国和欧洲将与红杉中国、红杉印度独立运作。红杉中国由沈南鹏管理,"红杉 资本中国"(Sequoia Capital China)改名为中文译名 "红杉"(HongShan)。 据 Pitchbook 数据,目前红杉中国资管规模为 560 亿美元。红杉中国官网显示,自 2005 年以来它共投资 1500 多家企业,其中 160 多家以 IPO 的方式退出,140 多家成长为独角兽。 结合三方网站数据和一些 ...
Ferrari N.V.: Completion of the Fourth Tranche and Announcement of the Fifth Tranche of the Multi-Year Share Repurchase Program
Newsfilter· 2024-06-28 13:14
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase Euro 249,999,659.04 for No. 701,266 common shares purchased on the EXM USD 108,575,956.06 (Euro 99,999,887.55*) for No. 270,823 common shares purchased on the NYSE. A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari's corporate website under the Buyback Programs section (https://www.ferrari.com/ ...