Ferrari Shares Dip as Luxury-Car Maker’s Sales Underwhelm (2)

Ferrari NV dampened investor hopes of an imminent boost to its outlook, as demand for its luxury cars underwhelmed in the second quarter.

Revenue rose 4% in the period from a year earlier — slightly less than analysts expected — as shipments remained flat. Rather than raising guidance, Ferrari said it’s more confident in its full-year outlook after the recent US-European Union trade deal lowered duties on imported cars in the American market.

The shares fell as much as 6.9% in Milan, having rallied in the past two weeks. The stock is roughly flat for this year.

Analysts at Jefferies ...