Ferrari (RACE) Reports Q2 EPS of EUR0.04

Ferrari (NYSE: RACE) reported Q2 EPS of EUR0.04, versus EUR0.96 reported last year. Revenue for the quarter came in at EUR571 million, versus EUR984 million reported last year.

Narrowed 2020 Guidance versus previous May 2020 Guidance:

• Net revenues: > Euro 3.4 billion (from Euro 3.4-3.6 billion)

• Adj. EBITDA: Euro 1.075-1.125 billion (from Euro 1.05-1.20 billion) • Adj. EBIT: Euro 0.65-0.70 billion (from Euro 0.6-0.8 billion)

• Adj. diluted EPS: Euro 2.6-2.8(2) per share (from Euro 2.4-3.1(3) per share)

• Industrial free cash flow: Euro 0.10-0.15 billion (from Euro 0.1-0.2 billion)

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

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