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MARANELLO, Italy (AP) — MARANELLO, Italy (AP) — Ferrari NV (RACE) on Tuesday reported first-quarter net income of $433.4 million.

On a per-share basis, the Maranello, Italy-based company said it had profit of $2.42.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.

The luxury sports car maker posted revenue of $1.88 billion in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RACE at https://www.zacks.com/ap/RACE