1349 GMT - Ferrari is among the most mentioned companies across news items over the past three hours, according to Factiva data. The Italian sports-car company reported higher second-quarter profit and revenue on Wednesday and raised its guidance. However, analysts noted that investors might be disappointed with the modest hike, which essentially brings Ferrari in line with consensus. CEO Benedetto Vigna said the upgrade came largely due to strong returns in the customizations department. Shares are down 1.8% to EUR284.70.(david.sachs@wsj.com)

(END) Dow Jones Newswires

August 02, 2023 10:04 ET (14:04 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Ferrari NV (NYSE:RACE)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Ferrari NV Charts.
Ferrari NV (NYSE:RACE)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Ferrari NV Charts.