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Ferrari exceed analysts' expectations as they record eyewatering Q2 profit

Despite ongoing issues on the track, off the track Ferrari have been more successful than ever before, with the Italian manufacturer having recorded revenue of $1.3bn in Q2 of 2022. The sum is more than was predicted by Wall Street analysts, who expected the famous brand to make just one billion in Q2 of this year; however, with the popularity of Formula 1 continuing to increase, it's massively benefitted the manufacturer's profits. The record revenue is 24.9% more than they managed in Q2 of 2021, resulting in Ferrari announcing that they expect to make five billion dollars by the end of the year. Despite ongoing shipping problems due to the Coronavirus and the conflict in Ukraine, Ferrari...
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