Ferrari N.V (NYSE: RACE) reported Q3 EPS of EUR1.11, versus EUR0.92 reported last year. Revenue for the quarter came in at EUR1.05 billion, versus EUR888 million reported last year.

Upgraded 2021 guidance, subject to trading conditions unaffected by Covid-19 pandemic restrictions and the following assumptions:

• Core business sustained by volume and mix
• Revenues from Formula 1 racing activities based on targeted calendar and reflecting lower 2020 ranking versus prior year
• Brand-related activities dealing with Covid-19 challenges
• Operational and marketing costs gradually resuming
• Improved net working capital sustaining industrial free cash flow thanks to the advances on the new special series and lower payments in connection with the cadence planned for our spending

For earnings history and earnings-related data on Ferrari N.V (RACE) click here.