Ferrari heads higher on better-than-expected earnings

Ferrari heads higher on better-than-expected earnings Proactive uses images sourced from Shutterstock Ferrari (NYSE:RACE) reported fourth quarter and full-year financial results above expectations, sending US-listed shares of the Italian luxury carmaker up 9% on Tuesday morning. For the fourth quarter, Ferrari posted net revenue of €1.8 billion, exceeding the consensus estimate of €1.77 billion. Net profit for the period was €381 million, compared with the forecast of €374 million. For the full year 20 ...