FTCH Stock Recent News

Farfetch posted a narrower-than-expected loss but badly missed revenue estimates for its second quarter of 2023. Growth in the company's Digital Platform segment helped offset declines from its Brand Platform business.

Yahoo Finance anchors Julie Hyman and Brad Smith report on e-commerce company Farfetch (FTCH) stock plunging this morning after missing on revenue and issuing weaker-than-expected guidance. Farfetch received several analyst downgrades this morning.

Farfetch Ltd (NYSE: FTCH) opened more than 40% down on Friday after coming in well below Street estimates for revenue in its second financial quarter. Farfetch stock tanks on lowered guidance The stock is being punished this morning also because the luxury fashion company trimmed its guidance for the value of orders processed.

Farfetch (NYSE: FTCH ) stock is taking a beating on Friday after releasing a disappointing earnings report for Q2 2023. The bad news starts with the luxury fashion company's adjusted earnings per share of -21 cents.

Farfetch Limited (NYSE:FTCH ) Q2 2023 Earnings Conference Call August 17, 2023 4:30 PM ET Company Participants Alice Ryder - VP, IR Jose Neves - Founder, Chairman & CEO Stephanie Phair - Group President & Chair of NGG Elliot Jordan - CFO Conference Call Participants Douglas Anmuth - JPMorgan Jason Helfstein - Oppenheimer Ashley Helgans - Jefferies Stephen Ju - Credit Suisse Oliver Chen - Cowen Edward Yruma - Piper Sandler Operator Good afternoon, and welcome to the Farfetch Q2 2023 Results Conference Call. My name is Luke, and I'll be your conference operator today.

While the top- and bottom-line numbers for Farfetch Limited (FTCH) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Farfetch Limited (FTCH) came out with a quarterly loss of $0.21 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.21 per share a year ago.

Ross Stores (NASDAQ:ROST) Inc shares gained more than 5% in extended trading Thursday after the retailer beat earnings expectations and raised its guidance.  The company reported earnings of $1.32 per share, compared to $1.11 a year earlier and expectations of $1.16.

Farfetch Limited (NYSE:FTCH) stock swooned after the company luxury fashion company reported underwhelming second-quarter revenue, even as its loss was narrower than expected.  The company posted revenue of $579,347 million, up 1.2% year over year but well behind Street expectations of $649.17 million.

Shars of Farfetch Ltd. FTCH, -1.65% dropped more than 30% in the extended session Thursday after the luxury fashion company reported lower-than-expected sales for its second quarter.