By George Glover
Ferrari beat analysts' earnings targets and stuck with its full-year guidance on Tuesday, even though the war in the Middle East disrupted deliveries over the first quarter.
The Italian supercar maker reported an adjusted profit of 2.33 euros a share ahead of the opening bell, as sales rose 3% from a year ago to EUR1.85 billion ($2.16 billion). Analysts were expecting earnings of EUR2.31 a share on sales of EUR1.83 billion, according to a FactSet poll.
Ferrari shipped 3,436 cars over the first quarter, down 157 from the same period a year ago. Wall Street was looking for 3,473 shipments.
Shipments for Europe, the Middle East, and Africa fell by 243 from a year ago to 1,458. The company said it had offset the impact of the Iran conflict by bringing forward certain deliveries in other regions.
Still, Ferrari confirmed its guidance for 2026, which forecasts adjusted earnings of EUR9.45 a share and net revenue of EUR7.5 billion.
The report comes just 20 days before the premiere of the Ferrari Luce, the Prancing Horse's first fully-electric sports car. The company unveiled the car's chassis, motor, and battery pack in October, although soft sales guidance overshadowed the luxury launch event.
Ferrari shares slid 1.4% to $334.07 ahead of Tuesday's opening bell. The stock was down 29% over the 12 months through Monday's close.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 05, 2026 07:37 ET (11:37 GMT)
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