Ferrari Lifts Full-Year Guidance on Q2 Shipment Growth

Key Takeaways Ferrari on Thursday increased its projected 2024 revenue to more than 6.55 billion euros ($7.07 billion) from more than EUR6.4 billion. The Italian car maker shipped 3,484 units in the second quarter, up 2.7% year-over-year and above analysts' estimates, led by the Ferrari Purosangue, the Roma Spider, and the 296 GTS models. Ferrari CEO Benedetto Vigna attributed the positive results to "the enrichment of the product mix and the increased demand for personalizations." Ferrari (RACE) boosted it ...