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International Business Times
International Business Times
AFP News

Ferrari Confirms 2024 Guidance After First Quarter Boost

Ferrari Benedetto Vigna Luxury
Ferrari reported a double digit rise in first quarter profits but its shares slid (Credit: AFP)

Italian luxury carmaker Ferrari on Tuesday posted a double digit rise in both profits and sales for the first quarter of 2024, and confirmed its full-year guidance.

Net profit increased by 19 percent to 352 million euros ($379), more than expected by the consensus of Factset analysts who were counting on 335 million euros.

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