MILAN, Nov 5 (Reuters) - Ferrari ( RACE ) said on

Tuesday its core earnings rose 7% in the third quarter, despite

a slight decrease in vehicle shipments, as the luxury sports car

maker continued to benefit from a richer product offer and

increased demand for personalisation.

The Italian company said in a statement its adjusted

earnings before interest, tax, depreciation and amortization

(EBITDA) amounted to 638 million euros ($695 million) in the

July-September period, matching analysts' average forecast of

635 million in a Reuters poll.

Milan-listed shares in the company, which on Tuesday also

confirmed the forecasts for its full-year results it provided in

August, extended losses after results were published and were

down 3.5% by 1150 GMT.

($1 = 0.9174 euros)