MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Tuesday reported fourth-quarter earnings of $313.7 million.
The Maranello, Italy-based company said it had profit of $1.68 per share. Earnings, adjusted for non-recurring gains, came to $1.20 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The luxury sports car maker posted revenue of $1.27 billion in the period.
For the year, the company reported profit of $695.6 million, or $3.75 per share. Revenue was reported as $3.95 billion.
Ferrari shares have declined 5.5% since the beginning of the year. The stock has climbed 26% in the last 12 months.
