Why Ferrari Stock Fell after Q3 Earnings Event
Italian luxury carmaker Ferrari (RACE) released its third-quarter earnings results on November 5. RACE’s adjusted earnings stood firm at 0.77 euros, or $0.88, per share, in the third quarter, which was about 4% higher than its adjusted EPS of 0.74 euros in the third quarter of 2017. The company missed Wall Street analysts’ estimates of 0.79 euros.