UBS Remains Bullish on Ferrari (RACE) and Raises Price Target to $50
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Ferrari nudges up earnings view, Marchionne becomes CEO
May 2, 2016 11:11 AM EDTMILAN (Reuters) - Italian luxury carmaker Ferrari (NYSE: RACE) on Monday nudged up its full-year earnings forecast after a stronger-than expected first quarter, helped by higher shipments and better margins.
Ferrari (NYSE: RACE), spun off from Fiat Chrysler Automobiles at the start of the year, also said Chairman Sergio Marchionne would take over as chief executive as well, following Amedeo Felisa's decision to... More
Ferrari (RACE) Tops Q1 EPS Views; Updates FY16 Outlook
May 2, 2016 10:10 AM EDTFerrari (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... More
Marchionne to succeed Felisa as Ferrari CEO
May 2, 2016 9:55 AM EDTMILAN (Reuters) - Ferrari (NYSE: RACE) Chairman Sergio Marchionne will also become the luxury carmaker's chief executive after Amedeo Felisa's decision to retire, the company said in a statement on Monday.
Felisa's departure was expected for months after sources told Reuters last... More
Ferrari (RACE) Announces Retirement of CEO Felisa; Chairman Marchionne to Succeed
May 2, 2016 9:42 AM EDTFerrari N.V. (NYSE: RACE) announces the retirement of its Chief Executive Officer, Mr. Amedeo Felisa, after 26 years of dedicated service. Mr. Sergio Marchionne will assume those responsibilities while retaining his current role as Chairman of the Company. Mr. Felisa will... More
Ferrari (RACE) CEO Felisa to Step Down; Sergio Marchionne Will Assume Role
May 2, 2016 9:40 AM EDTFerrari (NYSE: RACE) CEO Amedeo Felisa to step down. Chairman Sergio Marchionne will assume the CEO role.
Felisa will continue to serve on the board as a technical advisor.
... More