07:37 AM EDT, 08/01/2024 (MT Newswires) -- Ferrari ( RACE ) reported Q2 adjusted earnings Thursday of 2.29 euros ($2.47) per diluted share, up from 1.83 euros a year earlier.

Analysts polled by Capital IQ expected 2.04 euros.

Net revenue for the quarter ended June 30 was 1.71 billion euros, compared with 1.47 billion euros a year earlier.

Analysts surveyed by Capital IQ expected 1.63 billion euros.

The company raised its full-year 2024 adjusted diluted EPS outlook to at least 7.90 euros from the previous guidance for at least 7.50 euros. Analysts surveyed by Capital IQ expect 7.78 euros.

The company also increased its annual revenue forecast to more than 6.55 billion euros from more than 6.4 billion euros previously. Analysts polled by Capital IQ expect 6.52 billion euros.

Ferrari's ( RACE ) shares were up 5.1% in recent premarket activity.

Price: 434.09, Change: +21.08, Percent Change: +5.10