Ferrari sticks to FY targets after first quarter core profit up 14 percent
FILE PHOTO: The new Ferrari Portofino is displayed during the Frankfurt Motor Show in Frankfurt, Germany September 12, 2017. REUTERS/Ralph Orlowski/File Photo
Milan-listed Ferrari shares rose as much as 5.7 percent following the results on Tuesday, They were up 4.6 percent at 1100 GMT. Net revenues rose 13 percent to 940 million euros, topping the average estimate of 864 million euros.
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