Ferrari Shrugs Off Tariffs With Higher Third-Quarter Profit

Ferrari NV reported robust third-quarter earnings as higher prices and demand for customized cars helped the luxury carmaker defy concerns around US tariffs and weaker China sales.

Net revenue rose 7.4% to €1.77 billion ($2 billion) in the three months through September from a year earlier, the Italian company said Tuesday. Earnings before interest, taxes, depreciation and amortization gained 5% to €670 million. Both results were better than analysts expected.