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Ferrari N.V. (NYSE:RACE) shares are trading higher on Thursday after reporting fourth-quarter results. The company reported fourth-quarter FY23 sales growth of 11% year-on-year to $1.639 billion (€1.523 billion), beating the analyst consensus estimate of $1.630 billion. Cars and spare parts revenue rose 11% Y/Y, and Engines increased by 7%. Total shipments fell 2% to 3,245 units. Adjusted EBITDA rose 19% Y/Y to €558 million, and the margin expanded 240 basis points Y/Y to 36.7%. Adjusted net profit for the quarter increased 33% to €294 million. EPS of $1.74 beat the consensus estimate of $1.62…

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