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Ferrari raises 2019 outlook after solid third-quarter results, shares jump

FILE PHOTO: A group of Ferrari owners park their cars to show on display at the SVGT car
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MILAN (Reuters) - Ferrari raised guidance for full-year results on Monday after what the Italian luxury carmaker described as "solid" results on all metrics in the third quarter on the back of strong sales of its Portofino and 812 Superfast models.The company said its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) would come at around 3.7 billion euros (£3.2..
Date Published: Nov 04, 2019
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