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Why Ferrari's Profitability Boomed in the Second Quarter

TheMotleyFool

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Why Ferrari's Profitability Boomed in the Second QuarterPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

We saw again in the second quarter that Italian supercar maker Ferrari (NYSE: RACE) is like no other automaker. Delta variant? Semiconductor shortage? Ferrari just sails above the storms that have been hitting other automakers' top and bottom lines.

But even for Ferrari, its second-quarter profit margin was outstanding. In this Motley Fool Live video, recorded on Aug. 5, Industry Focus host Nick Sciple and Motley Fool senior auto specialist John Rosevear take a deeper look at Ferrari's most recent earnings report, and find that the secret to its super-profitable quarter was something new for Ferrari: A hybrid.

Source Fool.com

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