MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Wednesday reported fourth-quarter profit of $244.7 million.
The Maranello, Italy-based company said it had net income of $1.33 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The luxury sports car maker posted revenue of $1.34 billion in the period.
For the year, the company reported profit of $985.6 million, or $5.32 per share. Revenue was reported as $5.05 billion.
