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Ferrari Boosts 2020 Profit Estimate After Record Car Sales

  • Italian company surpasses 10,000 deliveries for first time
  • Profit target for 2020 slightly lower than analyst estimates
The Ferrari NV F8 Tributo in Geneva in 2019.
The Ferrari NV F8 Tributo in Geneva in 2019.Photographer: Chris J. Ratcliffe/Bloomberg
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Ferrari NV boosted its 2020 forecasts for sales and earnings after the supercarmaker posted record deliveries, a sign that Chief Executive Officer Louis Camilleri’s model-range renewal is bearing fruit.