Ferrari Shares Sink by Most Since 2016 on Cautious Forecast

Ferrari NV shares plunged the most intraday in nine years after the carmaker issued cautious forecasts that disappointed investors, marring a coming-out party for the company’s first electric vehicle. Adjusted earnings will rise to at least €3.6 billion ($4.2 billion) by 2030 from €2.72 billion this year, the Maranello, Italy-based company said Thursday. The outlook implies a slower earnings growth rate than what management offered during their last capital markets day three years ago. Most Read from Blo ...