From CNBC:

Ferrari Purosangue SUV to have new car key. Luxury sports car manufacturer Ferrari reports a net profit of 1.26 billion euros for 2023, including a 17% increase in revenue to 5.97 billion euros. The company forecasts even higher results for 2024, with shares reaching a new 52-week high of $380. Earnings per share were 1.62 euros adjusted vs. 1.50 euros expected, with Ferrari shipments up 3% to 13,663 vehicles in 2023.

Ferrari CEO Benedetto Vigna expresses confidence in the company’s business plan, citing strong 2023 results and ambitious goals for 2024. Additionally, there are reports of Formula 1 star Lewis Hamilton potentially joining the Ferrari racing team in 2025, a surprising move from Mercedes.



Read more: Ferrari (RACE) Q4 2023 earnings