07:10 AM EDT, 05/06/2025 (MT Newswires) -- Ferrari (RACE) reported Q1 adjusted earnings Tuesday of 2.30 euros ($2.60) per diluted share, up from 1.95 euros a year earlier.

Analysts polled by FactSet expected 2.28 euros.

Net revenue for the quarter ended March 31 was 1.79 billion euros, compared with 1.59 billion euros a year earlier.

Analysts polled by FactSet expected 1.77 billion euros.

The company said it continues expects 2025 adjusted EPS of at least 8.60 euros on net revenue of more than 7 billion euros. Analysts polled by FactSet expect 8.95 euros in adjusted EPS on revenue of 7.18 billion euros.

Ferrari shares were down 1.4% in recent premarket activity.