1441 GMT - Ferrari's confidence on its outlook stands out at a time when many companies in the auto sector and elsewhere are suspending their guidance due to uncertainty about U.S. tariffs and second-order effects, Bernstein analysts say in a note. The Italian luxury-car maker reported first-quarter results that beat consensus expectations and confidently reiterated guidance originally provided in February, Bernstein says. The company delivered fewer cars than expected, but revenue per unit exceeded estimates, the analysts say. Moreover, Ferrari said its order book covers the entirety of 2026, suggesting little has changed since the imposition of tariffs and confirms continued robust demand, according to Bernstein. Shares rise 2% to 418.50 euros. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
May 06, 2025 10:41 ET (14:41 GMT)
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