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Assessing Ferrari's Financials for the New Year

Amazon's (AMZN) Grand Tour recently showed its Christmas and 6th episode. In it are such entertaining presentations, including unique takes that only can be done by the three amazing car presenters--Jeremy Clarkson, Richard Hammond and James May.

The Christmas episode featured the entrenched competition between Ferrari (RACE) and Ford's (F) supercars during the 1960's. This article is focused on the former's financials.

(Ferrari P3, Grand Tour Screenshot)

Earnings performance

On Nov. 7, Ferrari reported its third quarter fiscal 2016 results. The supercar company delivered a strong 7.57% net revenue growth to 2.27 billion euros and 22.7% profit growth to 288.8 million euros in its recent nine months of operations.

Ferrari's shares rose 7.48% that day in comparison to a 2.22% increase in the broader S&P 500 index.

As observed, Ferrari experienced growth in expenses, but a pronounced growth...


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