Ferrari N.V. (NYSE:RACE) shares are trading lower after the company reported a gloomy outlook. The company reported first-quarter FY24 sales growth of 11% year-on-year to €1.585 billion, beating the analyst consensus estimate of €1.572 billion. Cars and spare parts revenue rose 11.4% Y/Y, and Sponsorship, commercial and brand revenues increased by 11.6%. Total shipments remained flat at 3,560 units. Adjusted EBITDA rose 12.7% Y/Y to €605 million, ...