07:18 AM EST, 11/05/2024 (MT Newswires) -- Ferrari ( RACE ) reported Q3 earnings Tuesday of 2.08 euros ($2.27) per share, up from 1.82 euros a year earlier.

Analysts polled by Capital IQ expected 2.02 euros.

Net revenue for the quarter ended Sept. 30 was 1.64 billion euros, up from 1.54 billion euros a year earlier.

Analysts surveyed by Capital IQ expected 1.65 billion euros.

For the full-year 2024, the company said it continues to expect adjusted diluted EPS of at least 7.90 euros. Analysts polled by Capital IQ expect 8.09 euros.

Net revenue for the year is expected to be more than 6.55 billion euros, unchanged from its prior outlook. Analysts surveyed by Capital IQ expect 6.63 billion euros.

Ferrari's ( RACE ) stock fell 3% in recent Tuesday premarket activity.

Price: 461.05, Change: -15.00, Percent Change: -3.15