Ferrari first-quarter core earnings rise 13 percent

Italian sportscar maker Ferrari (RACE.MI) reported a better-than-expected 13 percent rise in first-quarter adjusted core earnings, helped by higher sales of its 12-cylinder models, and confirmed its outlook for the full year. The Maranello, Italy-based company said adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose to 272 million…