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.

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