Ferrari NV (NYSE: RACE) shares plunged 8.52% in Thursday's trading session following the release of its second-quarter earnings report and full-year guidance. The luxury sports car manufacturer's financial results fell short of market expectations, triggering a significant sell-off.

While Ferrari's Q2 adjusted earnings per share of 2.38 euros met analysts' expectations, the company's revenue of 1.79 billion euros missed the FactSet estimate of 1.83 billion euros. This revenue shortfall suggests potential challenges in the company's sales performance or product mix during the quarter.

Adding to investor concerns, Ferrari's full-year 2025 guidance failed to impress. The company expects adjusted earnings per share of at least 8.60 euros, which falls below the FactSet consensus estimate of 8.99 euros. This conservative outlook implies that Ferrari may face headwinds in the latter half of the year, possibly due to economic uncertainties or increased competition in the luxury automotive market. The combination of the revenue miss and the lower-than-expected full-year guidance appears to have shaken investor confidence, leading to the sharp decline in Ferrari's stock price.