Ferrari raises targets after 'record quarter'

By Agence France-Presse

Nov 04, 2023 12:12 am

MILAN, Italy: Italian luxury carmaker Ferrari raised its financial targets for the year on Thursday to eye sales of 5.9 billion euros ($6.3 billion) after another 'record quarter.'

Net profit for the brand with a prancing horse logo jumped by 45.7 percent to 332 million euros, higher than the 294 million euros forecast by Factset analysts.

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