Ferrari: Q3 Earnings Snapshot

MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Tuesday reported third-quarter net income of $242.9 million.

The Maranello, Italy-based company said it had net income of $1.31 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The luxury sports car maker posted revenue of $1.24 billion in the period.