Ferrari reported a third-quarter revenue of $1.81 billion, reflecting a year-over-year increase of 7.5%, and earnings per share (EPS) of $2.29, up 15.66% from the previous year. Both figures exceeded analysts' expectations, with revenue beating estimates by $27 million and EPS surpassing forecasts by $0.13. However, the company experienced a 2% decline in shipments during the quarter, which disappointed some investors who had anticipated stronger performance amid challenges in the luxury automotive sector. In response to these results, Ferrari reiterated its guidance despite a notable drop in deliveries to China. Additionally, Ferrari announced a new partnership with IBM, which will commence with the 2025 Formula 1 season, enhancing its technological capabilities in the racing arena.