Ferrari Q4 Earnings Beat Street Expectations

MARANELLO, Italy - Ferrari NV (RACE) reported a fourth-quarter profit of $410.7 million on Tuesday.

The Maranello-based company's net income came in at $2.28 per share, surpassing the Wall Street consensus estimate of $1.89 per share.

Ferrari also posted revenue of $1.85 billion for the quarter.

For the full year, the luxury sports car maker reported a profit of $1.6