The Italian manufacturer of sports cars Ferrari in the second quarter increased its net profit by 18% year-on-year to 160 million euros. On a per share basis, the figure rose to 85 cents, while analysts had predicted 80 cents. Quarterly revenues amounted to 906 million euros, decreased by 1.6%. Excluding exchange rates, the indicator grew by 1.4%. Analysts had predicted revenue of 924 million euros. The company increased quarterly sales by 5.6% in annual terms to 2 thousand 463 cars. Since the beginning of the year, the capitalization of Ferrari has increased by 30% to 27 billion 270 million euros.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...