Ferrari (NYSE:RACE) reported quarterly earnings of $2.70 per share which beat the analyst consensus estimate of $2.39 by 13.08 percent. This is a 9.23 percent increase over earnings of $2.47 per share from the same period last year.

The company reported quarterly sales of $2.03 billion which beat the analyst consensus estimate of $1.82 billion by 11.13 percent. This is a 9.93 percent increase over sales of $1.84 billion the same period last year.

Shares in Italy's Ferrari Down 3% After Q2 Results.