Ferrari Shares Surge Over 7% in Premarket Trading Following Strong Q4 Results

Stock News02-10 22:10

Ferrari NV (RACE.US) shares rose more than 7% in premarket trading on Tuesday, reaching $361.20. The company reported that its fourth-quarter net revenue for fiscal year 2025 increased to 1.8 billion euros (approximately $2.14 billion), surpassing analyst expectations of 1.77 billion euros. Net profit for the period was 381 million euros, also exceeding the anticipated 374 million euros. Additionally, the company provided its financial outlook for fiscal year 2026, forecasting revenue of approximately 7.5 billion euros, slightly below the market consensus of 7.53 billion euros. It expects adjusted earnings before interest, taxes, depreciation, and amortization to be no less than 2.93 billion euros, which is above the market forecast of 2.91 billion euros.

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