Ferrari (RACE) Reports Q1 EPS of EUR0.90, Lowers FY Guidance

Ferrari (NYSE: RACE) reported Q1 EPS of EUR0.90, versus EUR0.95 reported last year. Revenue for the quarter came in at EUR932 billion, versus EUR940 million reported last year.

GUIDANCE:

Ferrari sees FY2020 revenue of EUR3.4-3.6 billion.

• • Net revenues: Euro 3.4-3.6 billion (from > Euro 4.1 billion) • Adj. EBITDA: Euro 1.05-1.20 billion (from Euro 1.38-1.43 billion) • Adj. EBIT: Euro 0.6-0.8 billion (from Euro 0.95-1.0 billion) • Adj. diluted EPS: Euro 2.4-3.1(2) per share (from Euro 3.90-3.95(3) per share) • Industrial free cash flow: Euro 0.1-0.2 billion (from ≥ Euro 0.4 billion)

For earnings history and earnings-related data on Ferrari (RACE) click here.

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