Earnings Movers | RACE & META Jumped Over 10% After Significant Earnings Beats
@WallStreet_Tiger:
As the busiest earnings week, many companies yesterday issued surprising financial reports.1. $Ferrari NV(RACE)$ +12.58%Ferrari, the renowned luxury sports car manufacturer, exceeded Wall Street's projections for both revenue and profit in the fourth quarter, concluding a year marked by record-breaking profits.The company reported a net profit of 1.26 billion euros, equivalent to $1.36 billion, for the fiscal year 2023.EPS: 1.62 euros vs. 1.50 euros expectedRevenue: 1.523 bln euros vs. 1.506 bln expected2. $Meta Platforms, Inc.(META)$ +17.14%Meta surpassed expectations for both earnings and revenue and announced its first dividend payment. Meta plans to pay investors a dividend of 50 cents per share on Ma