Farfetch (FTCH) Jumps On Narrow Quarterly Loss & Higher Sales

Farfetch (FTCH) jumps on narrow quarterly loss and higher sales. Jenny Horne discusses this as FTCH's earnings were released yesterday May 18th, postmarket. Its adjusted EPS came in at -$0.16 versus an estimated -$0.27 and revenue came in at $556.39M versus an estimated $523.64M. FTCH believes it's on track to deliver growth ahead of the luxury market at large. FTCH's gross merchandise volume beat estimates. Tune in to find out more about the stock market today.

Morning Trade Live

19 May 2023

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