Shares of Ferrari (RACE) - Get Report roared ahead Monday as the Italian luxury-sports-car maker left analyst earnings expectations in the dust.

Ferrari's stock price raced ahead nearly 7% to $172.50 after the company reported earnings of $1 a share, blowing past the 93 cents estimate of analysts surveyed by Zacks Investment Research. 

Revenue exceeded $1 billion, topping the estimate of analysts polled by Zacks by nearly 2% and improving on the $974.2 million the company generated in the year-earlier period.

Ferrari credited sales of its new Portofino and 812 Superfast sports cars for its third-quarter results. 

Priced at $214,533, the Portofino can accelerate from zero to 60 mph in 3.5 seconds, according to Car and Driver, which calls the Ferrari model "an adept driver's car, with steering that is light and pleasantly communicative."

Starting at $363,730, the 812 Superfast is "not mere hyperbole," with a "top claimed speed of 211 mph" and "aerodynamically shaped body panels" that help the car "slice through the air with minimal drag," the auto magazine noted.

"Robust deliveries" of the two new sports cars helped boost shipments of all models by 9.4% to 2,474, an increase of 212 cars, the company said.

Ferrari also raised its revenue guidance for 2019 to $4.13 billion from $3.9 billion.