Ferrari's Disappointing Shipments, 2024 Guidance Overshadows 'Positive' Q1

Seekingalpha05-07

Ferrari shares are losing ground and are down more than 4% Tuesday as flat shipments and underwhelming 2024 guidance overshadowed above consensus results for Q1.The carmaker earned a profit of €1.95 ...

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Revenue of 1.58B .Ferrari shares slipped 2% in premarket trading.Total shipments of 3,560 units $1flat versus Q1 2023.Adjusted EBITDA of 605 million, up 12.7% versus prior year, with adjusted EBITDA margin of 38.2%.Industrial free cash flow generation of 321 million.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RACE":"法拉利"},"translate_title":"法拉利令人失望的出货量，2024年的指导盖过了“积极的”Q1","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RACE":1.1},"content_text":"Ferrari shares are losing ground and are down more than 4% Tuesday as flat shipments and underwhelming 2024 guidance overshadowed above consensus results for Q1.The carmaker earned a profit of €1.95 per share which was up from €1.63 in the same quarter last year, beating the consensus estimate by €0.10. Revenue increased 11% to €1.585B. 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