Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Weather Man" data-source="post: 16649754" data-attributes="member: 137766"><p>I think electric Ferrari's will be a sales disaster for the company. Hard to see how the make their electric motor "sexy".</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3722968-ferrari-drops-very-positive-on-electric-vehicle-prospects-despite-earnings-miss" target="_blank">Ferrari "very positive" on electric vehicle prospects despite earnings miss</a></p><ul> <li data-xf-list-type="ul">Ferrari N.V. (<a href="https://seekingalpha.com/symbol/RACE" target="_blank">RACE</a> -0.7%) posted Q2 adjusted EPS of €1.11, misses by €0.07, and revenue of €1.04B, misses by €10M, today.</li> <li data-xf-list-type="ul">Revenue is up 5.2% compared to Q2 2019 and EPS is up 15.6% compared to Q2 2019. Last quarter, 2022 financial targets were postponed by one year due to the COVID-19 pandemic.</li> <li data-xf-list-type="ul">The company <strong>increased</strong> its guidance for industrial free cash flow to ~€450M from ~€350M due to improved net working capital. The company remains confident that the company will hit the top end of its 2021 FY guidance.</li> <li data-xf-list-type="ul">The company experienced record order intake across all models and regions during the quarter and executives commented on the "very encouraging" growth rate in China.</li> <li data-xf-list-type="ul">"I feel very very positive about what electrification does to us," commented acting CEO John Elkann when asked about electric vehicles. "There are good things that we'll be announcing that are going to come up."</li> <li data-xf-list-type="ul">The company noted that global parts shortages didn't affect them as much as other companies due to their ability to precisely plan out orders, but could be a problem depending on how long shortages last.</li> <li data-xf-list-type="ul">Read about stocks that could see major gains or losses with Seeking Alpha's catalyst watch <a href="https://seekingalpha.com/news/3722612-seeking-alpha-catalyst-watch" target="_blank">here</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16649754, member: 137766"] I think electric Ferrari's will be a sales disaster for the company. Hard to see how the make their electric motor "sexy". [URL='https://seekingalpha.com/news/3722968-ferrari-drops-very-positive-on-electric-vehicle-prospects-despite-earnings-miss']Ferrari "very positive" on electric vehicle prospects despite earnings miss[/URL] [LIST] [*]Ferrari N.V. ([URL='https://seekingalpha.com/symbol/RACE']RACE[/URL] -0.7%) posted Q2 adjusted EPS of €1.11, misses by €0.07, and revenue of €1.04B, misses by €10M, today. [*]Revenue is up 5.2% compared to Q2 2019 and EPS is up 15.6% compared to Q2 2019. Last quarter, 2022 financial targets were postponed by one year due to the COVID-19 pandemic. [*]The company [b]increased[/b] its guidance for industrial free cash flow to ~€450M from ~€350M due to improved net working capital. The company remains confident that the company will hit the top end of its 2021 FY guidance. [*]The company experienced record order intake across all models and regions during the quarter and executives commented on the "very encouraging" growth rate in China. [*]"I feel very very positive about what electrification does to us," commented acting CEO John Elkann when asked about electric vehicles. "There are good things that we'll be announcing that are going to come up." [*]The company noted that global parts shortages didn't affect them as much as other companies due to their ability to precisely plan out orders, but could be a problem depending on how long shortages last. [*]Read about stocks that could see major gains or losses with Seeking Alpha's catalyst watch [URL='https://seekingalpha.com/news/3722612-seeking-alpha-catalyst-watch']here[/URL]. [/LIST] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
Top