Home
Don't have an account? Create one now! It's always free!


Forgot Password
Ed's Auto Parts - Mention MOTORGEN for a Discount!
Motorgen Sponsor: McLeod Racing
Motorgen Sponsor: American Muscle - Add style and performance to your Stang
Motorgen Sponsor: Hall Fabrication & Racing
Motorgen Sponsor: Injectors Plus - Performance Fuel Delivery Systems
Reply
 
Thread Tools
Old 08-03-2020, 05:31 PM   #1
RSS ReaderRSS Reader is offline
Senior Member
 
Join Date: Feb 2009
Posts: 91,987
Default Ferrari's outlook takes hit from coronavirus, but orders still strong

Filed under: Earnings/Financials,Ferrari
Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income fell 60% due to the impact of the coronavirus pandemic, but said orders were "very strong," sending the luxury carmaker's shares up nearly 4%. Chief Executive Louis Camilleri told analysts that last quarter's order book was up double digits (percentage) in absolute terms, versus the same period of last year. "Demands remains vibrant and our order book is up significantly," Camilleri said.Continue reading Ferrari's outlook takes hit from coronavirus, but orders still strong
Ferrari's outlook takes hit from coronavirus, but orders still strong originally appeared on Autoblog on Mon, 3 Aug 2020 19:35:00 EDT. Please see our terms for use of feeds.


Permalink | Email this | Comments

More...
  Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -7. The time now is 02:38 PM.