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3 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED » NEWS NOW Security beefed up at national wildlife refuges in Oregon, California, Nevada ... Since You Asked: Why does the flag fly at half-staff? ... Medford standoff ends with man in custody ... Security beefed up at national wildlife refuges in Oregon, California, Nevada ... Since You Asked: Why does the flag fly at half-staff? ... Medford standoff ends with man in custody ... Ferrari whiffed on earnings and now the stock is getting crushed (RACE) Comment By Bob Bryan MailTribune.com By Bob Bryan Posted Feb. 2, 2016 at 10:03 AM By Bob Bryan Posted Feb. 2, 2016 at 10:03 AM » Social News Shares of luxury automaker Ferrari were getting demolished after the company posted disastrous quarterly earnings Tuesday morning. In just its second quarter since going public, the company reported a profit decline of 30% versus the fourth quarter of last year. Profit sunk to €55 million ($60 million) from €79 million ($86 million) in the same quarter last year. Revenues were slid to €744 million from €751 million the prior year. Following the release, shares of the company trading in New York were down as much as 14%. The company spun out of Fiat-Chrysler Group with an IPO in October. During the first day of trading the stock jumped as high as $60, but has been on the decline ever since with shares sitting near $34 in early afternoon action on Tuesday. NOW WATCH: Find out if you live near one of the 153 US Walmart stores that are closing this month See Also: Stocks are getting crushed � Dow down 285 Here's a super quick guide to what traders are talking about right now STOCKS FALL AFTER THE FED: Here's what you need to know SEE ALSO: Analyst downgrades Twitter to 'where it should have been all long' � SELL By Bob Bryan MailTribune.com By Bob Bryan Posted Feb. 2, 2016 at 10:03 AM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2016 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501