Jul. 31 at 5:59 PM
Ferrari
$RACE sidesteps tariffs and lifts profit to €425 million, but the stock drops nearly 12%
Ferrari boosts profits and revenues: the Maranello-based company closes the second quarter of the year with a 3% increase in net profit, rising to €425 million, alongside a 4% increase in revenue to €1.787 billion. However, the half-year results failed to convince the market, with the stock down 11.6%. CEO Benedetto Vigna clarified that U.S. tariffs had “no significant impact” on the company’s accounts. In fact, Ferrari has officially removed the risk of margin squeeze linked to tariffs, thanks in part to the agreement signed between the United States and the European Union, which has limited the tariff impact.
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✅ Rendimento ultimi 2 anni: 29,12%
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