Ferrari lifts its profit outlook after hitting 2019 targets
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MILAN (Reuters) - Ferrari hit its recently upgraded estimate for core profit last year, helped by a jump in deliveries of its Portofino and 812 Superfast models in the fourth quarter, and raised its earnings outlook for 2020.The luxury carmaker said adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose 22% in the last three months of 2019 to 333 million euros (282.88 million pounds), just missing a forecast of 340 million in a Reuters poll.That left its adjusted..