Ferrari expects earnings to rise this year, supported by 'exceptional visibility' on its strong order book, and after meeting its targets, the company sees 2024 full-year revenues and core profits growing further. The stock, $RACE, jumped over 6% at market opening and later saw an 8% rise, reaching new all-time highs. The positive financial outlook and the news of Lewis Hamilton joining its F1 team contributed to the surge. Ferrari's market value is closing in on the $100 billion mark, bolstered by its record performance and surpassing Wall Street's estimates.
⚠️ FERRARI CLOSES IN ON $100 BILLION MARKET VALUE ON ORDER STRENGTH (Reuters) Shares in Ferrari hit fresh record highs on Thursday, driving the luxury sports car maker's market value closer to the $100 billion mark after the Italian group predicted strong orders would deliver… https://t.co/qyvbo6uBN6
Ferrari sees strong orders powering more growth https://t.co/DUOMPaJ673 https://t.co/O1kJtyrj0h
Ferrari finishes a record year by topping Wall Street's estimates https://t.co/jjlpEXysk7
$RACE Ferrari stock up 8%. New all time highs. The rich get richer. So invest in the car of choice for the rich. Got it.
.@Ferrari's stock ($RACE) is poised to rise more than 6% when trading opens this morning after a strong earnings report and news of @LewisHamilton joining its F1 team. https://t.co/cKCjRL6URC
Ferrari Stock Races Higher on Earnings. It’s a Luxury Brand, Not a Car Company. https://t.co/pPV1IybamI
Ferrari expects earnings to rise this year, backed by a strong order book https://t.co/G77l8Hmuiz
⚠️ FERRARI SEES 2024 FULL-YEAR REVENUES, CORE PROFITS GROWING FURTHER (Reuters) Luxury sports car maker Ferrari said on Thursday its revenues and core earnings would rise this year, supported by an "exceptional visibility" on its order book, and after broadly meeting targets… https://t.co/Ybb1x2RCBY