MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Wednesday reported first-quarter profit of $268.2 million.
On a per-share basis, the Maranello, Italy-based company said it had profit of $1.45.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The luxury sports car maker posted revenue of $1.33 billion in the period.
