MARANELLO, Italy (AP) — MARANELLO, Italy (AP) — Ferrari NV (RACE) on Tuesday reported third-quarter profit of $411 million.

The Maranello, Italy-based company said it had net income of $2.29 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.

The luxury sports car maker posted revenue of $1.81 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.8 billion.

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