Ferrari Profit Jumps 17% on Big Sales of V-12 Cars

Ferrari Profit Jumps 17% on Big Sales of V-12 Cars

Italian sports-car maker Ferrari N.V. (NYSE: RACE) said on Nov. 2 that its pre-tax profit rose 17% in the third quarter, to 202 million euros ($235.3 million), on a big jump in sales of its high-profit V-12-powered models. 

The strong results led Ferrari to boost its full-year 2017 earnings guidance. 

Sales of both 8- and 12-cylinder versions of the Ferrari GTC4Lusso were strong in the third quarter. Image source: Ferrari N.V.

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Source: Fool.com