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Oluwafemi Awodele
3 weeks ago
Overview
Luxury carmaker Ferrari on Tuesday reported a significant upswing in first-quarter profit, citing robust demand for personalized vehicles — but warned U.S. President Donald Trump’s trade policy could hit earnings this year.
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.
Analysts had expected first-quarter net profit to come in at 410 million euros, according to Reuters poll.
more: https://www.cnbc.com/2025/05/06/ferrari-q1-earnings-2025.html
