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Ferrari Damps Growth Expectations as Supercar Profit Boom Slows

  • Supercar maker’s higher 2017 forecast only matches estimates
  • Full-year earnings prediction lags behind nine-month increase
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Photographer: Chris Ratcliffe/Bloomberg
Updated on

Ferrari NV damped expectations of a breakaway finish to 2017 as earnings growth fueled by limited-edition supercars such as the $2.1 million LaFerrari Aperta convertible slowed in the third quarter.

While the Italian sports-car maker signaled it’s achieving a long-held goal two years early, its raised forecast of about 1 billion euros ($1.17 billion) in 2017 adjusted earnings before interest, taxes, depreciation and amortization failed to surpass analyst estimates. That marks a 14 percent increase from the 2016 figure, slower than the 24 percent jump reported for nine-month earnings. Ferrari shares fell the most in two months.