Ferrari Earnings Top Expectations. The Stock Slides Anyway. - Barron's
1. Ferrari beat profit and sales targets but shares still fell. 2. Q1 adjusted earnings were $2.60 per share, up 13% year-over-year. 3. European sales rose 8%, while mainland China sales dropped 25%. 4. Full-year earnings guidance of €8.60 remains unchanged despite market expectations. 5. Shares declined 0.9% to $462.17 before market opening.