Ferrari rose by about 2% in pre-market trading, with strong first-quarter performance.
Luxury car manufacturer Ferrari continued to rise by about 2% in pre-market trading, with the stock accumulating a 15% increase in the past month and showing a V-shaped trend. Data shows that Ferrari's net income in the first quarter was 1.791 billion euros, an increase of 13.0% year-on-year; total deliveries were 3,593 vehicles, an increase of 0.9% year-on-year. Operating profit was 542 million euros, an increase of 22.7% year-on-year; net profit was 412 million euros, an increase of 17%, with diluted earnings per share of 2.30 euros. With this simple calculation, Ferrari's net profit per vehicle in the first quarter was 939,000 euros, making it the top global car manufacturer in terms of per vehicle net profit.
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