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Ferrari NV (NYSE:DAVA) CEO Benedetto Vigna has enormous expectations from its electric supercar debut, similar to those of its existing blockbuster combustion-engine models. The company looks to launch its electric vehicle in the fourth quarter of 2025, Bloomberg Television cites Vigna in an interview on Thursday. The premium automotive sector is exploring options to lower emissions following a decline in EV demand and government subsidies. Also Read: Tesla’s Chinese Rival BYD Dives Into Luxury

NetEase, Inc (NASDAQ:NTES) reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion. The Chinese gaming player's adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79. Segments and margins: Games and related value-added services revenues grew 7.0% year over year to $3.0 billion. The corresponding gross margin increased by 280 bps to 69.5%, attributable to changes in

Several analysts have updated coverage on E.l.f. Beauty, Inc. (NYSE:ELF) on Thursday after the company reported better-than-expected financial results for the fourth quarter. Piper Sandler named the stock as a "top pick" and highlighted the company's international growth opportunities and continued strength in the U.S. market after E.l.f. Beauty reported quarterly revenue growth of 71% year-over-year and $321.14 million in sales.