Luxury performance car maker Ferrari (NYSE:RACE) has driven in a beterr-than-expected set of third quarter numbers.
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Top-line rose by an impressive 19% year-over-year to €1.25 billion, outperforming estimates by €50 million.
EPS at €1.23 too comfortably raced past expectations by €0.07. Further, total shipments rose by nearly 16% year-over-year to 3,188 units.
Impressively, the company’s entire range is sold out barring a few models and despite a challenging economic backdrop, it revised its 2022 guidance upwards on all metrics.
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