RACE Stock Recent News

Frédéric Vasseur, Ferrari HP Team Principal, joins 'Money Movers' to discuss what the IBM partnership allows the company to do, how critical fan engagement is to the sport, and much more.

Ferrari (RACE) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.12 per share a year ago.

The Adam Ferrari Health Science Scholarship Awards $20,000 to Students Pursuing Health Science Degrees, Honoring Those Dedicated to Caring for Individuals with Physical Disabilities The Adam Ferrari Health Science Scholarship Awards $20,000 to Students Pursuing Health Science Degrees, Honoring Those Dedicated to Caring for Individuals with Physical Disabilities

Ferrari on Tuesday said tariffs imposed by the U.S. pose a potential risk to the luxury car maker's profitability, becoming the latest company to warn about a hit to earnings or cut financial forecasts as many cite market uncertainty aggravated by President Donald Trump's levies.

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More car deliveries and customization requests from customers helped the company deliver forecasting-beating earnings in the first quarter of the year.

The Prancing Horse beat the Street's profit and sales targets—but it looks like investors wanted perfection.

Luxury carmaker Ferrari on Tuesday reported a significant upswing in first-quarter profit, citing robust demand for personalized vehicles. The Maranello, Italy-based sports car manufacturer posted net profit of 412 million euros ($466.3 million) for the first three months of the year, reflecting a 17% increase from the same period last year.

Luxury sports-car maker Ferrari said on Tuesday its core earnings rose 15% in the first quarter supported by a richer product mix and demand for personalisation of vehicles, but reiterated U.S. tariffs could hit profitability this year

“Another year is off to a great start” said Benedetto Vigna, CEO of Ferrari. “In the first quarter of 2025, with very few incremental shipments year on year, all key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalizations. This confirms – once again – our strategy of ‘quality of revenues over quantity'. We continue to enrich our product offering – in line with our plans – with six new models this year, which include the newly launched 296 Speciale, 296 Speciale A and the much-anticipated Ferrari elettrica through a unique and innovative unveiling. We are very excited about what lies ahead.”