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Ferrari Profit Rises 29% and Margins Soar on Big V12 Sales

TheMotleyFool

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Ferrari Profit Rises 29% and Margins Soar on Big V12 Sales

Italian supercar maker Ferrari (NYSE: RACE) said its second-quarter adjusted pre-tax profit rose 29%, to 202 million euros ($239.6 million), on strong sales of higher-profit V12-powered models.

All financial numbers are in euros. As of August 2, 1 euro equaled about $1.19.

Data source: Ferrari N.V. "Adjusted" figures exclude the effects of one-time items. There were none in the second quarter of 2017.

Source: Fool.com