Ferrari: Q2 Earnings Snapshot

MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Tuesday reported second-quarter net income of $267.4 million.

On a per-share basis, the Maranello, Italy-based company said it had profit of $1.45.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.

The luxury sports car maker posted revenue of $1.38 billion in the period.