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00:02Ferrari shares fell over 12% on Thursday, marking the stock's largest single-day drop since its 2015 listing, according to CNBC.
00:09The decline came despite the company maintaining its guidance and announcing plans to reduce U.S. price cuts.
00:14City analysts noted that although Ferrari's performance remained strong,
00:17investor attention is now turning to whether the company can sustain its high EBIT margin
00:21amid slowing growth in shipments and average selling prices.
00:24Luxury automaker said it will reduce the price compensation offered on some U.S. models
00:28once EU tariffs fall from 27.5% to 15%.
00:32For all things money, visit Benzinga.com.
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