Ferrari (RACE) Tops Q1 EPS Views; Updates FY16 Outlook
Ferrari (NYSE: RACE) reported Q1 EPS of €0.41, €0.10 better than the analyst estimate of €0.31. Revenue for the quarter came in at €675 million versus the consensus estimate of €637.3 million.
Total shipments reached 1,882 units, up 15%.
2016 Revised Outlook
The Group is revising its guidance upwards as follows:
- Shipments: > 7,900 including supercars
- Net revenues: €3 billion
- Adjusted EBITDA: ≥ €800 million
- Net Industrial debt: ≤ €730 million
For earnings history and earnings-related data on Ferrari (RACE) click here.