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SVTPerformance's Chain of Restaurants
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Interesting Car/Truck Manufacturer News
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<blockquote data-quote="Weather Man" data-source="post: 16615787" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3690043-ferrari-falls-after-revenue-arrives-short-of-expectations" target="_blank">Ferrari falls 4% after revenue arrives short of expectations</a></p><ul> <li data-xf-list-type="ul">Ferrari (NYSE:<a href="https://seekingalpha.com/symbol/RACE" target="_blank">RACE</a>) reports shipments of 2,771 units in Q1 to edge past the 2,738 units delivered a year ago.</li> <li data-xf-list-type="ul">Sales of 8 cylinder models were up 8.1%, while 12 cylinder models were down 19.6%. The deliveries of the quarter were driven by the F8 family and the 812 GTS. The SF90 Stradale and the Ferrari Roma remain in ramp up phase, while the 488 Pista family and the Ferrari Portofino have been phased out. The Ferrari Monza SP1 and SP2 continued to be delivered in line with production planning.</li> <li data-xf-list-type="ul">The automaker fell slightly short of consensus revenue marks for the quarter, but topped adjusted EBITDA expectations.</li> <li data-xf-list-type="ul">Looking ahead, Ferrari anticipates revenue of €4.3B for the full year, EBITDA of €1.45B to €1.50 and industrial free cash flow of €.35B.</li> <li data-xf-list-type="ul">Shares of Ferrari are down 3.80% premarket to $204.71 <a href="https://seekingalpha.com/news/3690038-ferrari-eps-beats-by-005-misses-on-revenue" target="_blank">after the revenue miss.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16615787, member: 137766"] [URL='https://seekingalpha.com/news/3690043-ferrari-falls-after-revenue-arrives-short-of-expectations']Ferrari falls 4% after revenue arrives short of expectations[/URL] [LIST] [*]Ferrari (NYSE:[URL='https://seekingalpha.com/symbol/RACE']RACE[/URL]) reports shipments of 2,771 units in Q1 to edge past the 2,738 units delivered a year ago. [*]Sales of 8 cylinder models were up 8.1%, while 12 cylinder models were down 19.6%. The deliveries of the quarter were driven by the F8 family and the 812 GTS. The SF90 Stradale and the Ferrari Roma remain in ramp up phase, while the 488 Pista family and the Ferrari Portofino have been phased out. The Ferrari Monza SP1 and SP2 continued to be delivered in line with production planning. [*]The automaker fell slightly short of consensus revenue marks for the quarter, but topped adjusted EBITDA expectations. [*]Looking ahead, Ferrari anticipates revenue of €4.3B for the full year, EBITDA of €1.45B to €1.50 and industrial free cash flow of €.35B. [*]Shares of Ferrari are down 3.80% premarket to $204.71 [URL='https://seekingalpha.com/news/3690038-ferrari-eps-beats-by-005-misses-on-revenue']after the revenue miss.[/URL] [/LIST] [/QUOTE]
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