Ferrari raises forecasts after record third-quarter earnings

Published: Thursday, November 02, 2017 @ 7:26 AM
Updated: Thursday, November 02, 2017 @ 7:26 AM

MILAN (AP) — Italian luxury sports car maker Ferrari NV has revised its earnings guidance upward after reporting a record third-quarter profit of 141 million euros ($164 million), up 24 percent over last year.

The company, based in the northern Italian city of Maranello, raised its estimate for full-year earnings before interest, taxes and amortization to around 1 billion euros from above 950 million euros. It lowered estimated debt at the end of 2017 to below 500 million euros.

Revenue in the quarter was up 7 percent to 836 million euros, helped by the success of 12-cylinder models, notably the four-seat GTC4Lusso and the LaFerrari Aperta convertible. Ferrari reported shipments of 2,046 vehicles, up 68 units from the previous year.

Both Europe and the Americas, the two largest markets, posted 5-percent increases.

Glassdoor names 50 most beloved CEOs in America

Published: Wednesday, June 08, 2016 @ 5:41 PM
Updated: Wednesday, June 08, 2016 @ 5:01 PM

H-E-B's Charles C. Butt made the list of America's 50 most beloved CEOs.
H-E-B's Charles C. Butt made the list of America's 50 most beloved CEOs.

The chiefs of Facebook, Google, Apple and Texas' beloved H-E-B all made the ranks on job site Glassdoor's list of top-rated CEOs of a large company in the U.S.

Glassdoor determined the 50 rankings by collecting anonymous employee reviews. Beating out well-known names like Facebook's Mark Zuckerberg, is Bob Bechek at No. 1. Bechek is the worldwide managing director of Bain & Company, a management consultant firm, and received a 99 percent approval rating from employees surveyed. 

Zuckerberg did make top 10 though, along with LinkedIn's Jeff Weiner, Apple's Tim Cook and Google's Sundar Pichai. A bit further down the list at No. 19 is H-E-B's CEO Charles C. Butt, who received a 95 percent approval rating. 

Satisfied employees gave reviews like "H-E-B has always been hreat with allowing Partners to have a flexible schedule" while negative reviews said the company is "very demanding" and "has you work full-time hours while keeping you on part-time status."

To see who else made the list and what employees had to say about each company, you can go here.