Ferrari Stock Races Higher on Earnings. What to Know.

Thursday, Ferrari reported fourth-quarter earnings per share of €1.62 ($1.75) from sales of €1.52 billion ($1.64 billion). Wall Street was looking for EPS of €1.56 and sales of €1.51 billion, according to FactSet.

Sales rose 11% despite lower deliveries. Ferrari delivered 3,245 vehicles, down from 3,327 in the fourth quarter of 2022. The revenue per vehicle delivered in the fourth quarter hit about €469,000 or $507,000, up about 14% year over year.

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