Luxury carmaker Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income plunged due to supply chain and production disruptions during the coronavirus pandemic.
) trimmed its full-year earnings forecast on Monday after second-quarter income plunged due to supply chain and production disruptions during the coronavirus pandemic.
Analysts at Morgan Stanley said given the circumstances second-quarter results were strong from the company, maker of high performance models such as the F8 Spider, the 1,000 horse power SF 90 Stradale hybrid and top-selling Portofino grand tourer. The company said sales had been hit by production suspensions and significantly lower sponsorship and commercial and brand revenues due to the pandemic.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Madison Avenue Buildings for Sale to Test Luxury-Retail AppetiteThree Madison Avenue buildings are for sale in the biggest offering on Manhattan’s renowned shopping corridor in years, a test for how much the coronavirus pandemic has hurt values of prime retail space.
Weiterlesen »
SocGen posts earnings miss as it sets aside more for coronavirus-related loan lossesSociete Generale reported a net loss of 1.26 billion euros for the second quarter of the year, missing market expectations.
Weiterlesen »
HSBC says net profit plunged 96% in 2Q as pandemic took holdLONDON (AP) — Europe’s biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the...
Weiterlesen »
HSBC Profit Slumps on Coronavirus, Trade TensionsHSBC’s net profit fell in the second quarter as the impact of the coronavirus pandemic complicated the bank’s efforts to refocus on Asia while dealing with rising U.S.-China political tensions.
Weiterlesen »
Japan first quarter GDP unchanged at 2.2% annualised contraction after second revisionJapan's economy shrank an annualised 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday.
Weiterlesen »