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Wednesday, August 1, 2018

Ferrari posts strong second-quarter earnings and confirms full-year guidance (RACE)

[Ferrari 812 Superfast]REUTERS/Arnd Wiegmann * FERRARI POSTED A RISE IN SECOND-QUARTER EARNINGS AND STAYED THE COURSE ON FULL-YEAR GUIDANCE. * STRONG SALES OF THE FERRARI 488 SPORTS CAR AND THE BIG-ENGINED 812 SUPERFAST AIDED THE RESULT. ------------------------- Italian supercar maker Ferrari reported a 7 percent rise in second-quarter adjusted core earnings, helped by sales of the 812 Superfast model and the 488 family, and confirmed its outlook for the full year. In the first set of results presented by newly-appointed Chief Executive Louis Camilleri, the company said adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose to 290 million euros ($339 million) in the quarter, in line with a Thomson Reuters SmartEstimate of 286 million euros.SEE THE REST OF THE STORY AT BUSINESS INSIDERSEE ALSO: * Pakistan dismisses U.S. concerns about IMF bailout and China * Video appears to show missing Japanese journalist pleading for help * Greek fire victims sue authorities over deaths in Mati FOLLOW US: ON FACEBOOK FOR MORE CAR AND TRANSPORTATION CONTENT!


READ THE ORIGINAL POST AT www.businessinsider.com