Ferrari shares fall as firm maintains yearly guidance
Ferrari posted a 4% rise in quarterly core earnings while maintaining its full-year outlook. The firm will launch its first electric vehicle on May 25.
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FERRARI NV maintained its full-year EBITDA guidance of at least 2.93 billion euros ($3.43B) despite shares falling 4% on Tuesday afternoon. The luxury carmaker reported a 4% rise in first-quarter EBITDA to 722 million euros, driven by demand for high-priced models like the F80. Investors are weighing steady core earnings against looming U.S. tariffs and the high-stakes launch of the brand's first electric vehicle.
