Ferrari Stock Crashes After Plunging 4Q Profits And Tepid Forecasts – ValueWalk Premium
Ferrari RACE
03Feb2016

Ferrari Stock Crashes After Plunging 4Q Profits And Tepid Forecasts

Ferrari stock plunged Tuesday after the super sports car maker unveiled a substantial drop in fourth-quarter net profit and a modest growth forecast for 2016. Resonating to the poor show, Ferrari’s shares got clobbered by as much as 14% on the New York Stock Exchange after the release of the results.


Ferrari's net profit dropped by about a third
Ferrari

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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