MARANELLO, Italy (AP) — MARANELLO, Italy (AP) — Ferrari NV (RACE) on Tuesday reported third-quarter profit of $411 million.
The Maranello, Italy-based company said it had net income of $2.29 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.
The luxury sports car maker posted revenue of $1.81 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.8 billion.
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