Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

Nov. 14, 2019, 4:26 p.m. EST

Farfetch stock jumps 15% after narrower quarterly loss

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Farfetch Ltd. Cl A (FTCH)

or Cancel Already have a watchlist? Log In

By Claudia Assis

FTCH

Shares of Farfetch Ltd. /zigman2/quotes/203824836/composite FTCH -0.84% jumped 15% in the extended session Thursday after the luxury online retailer reported a narrower third-quarter loss and said it expects a "strong" fourth quarter. Farfetch reported a loss of $85.5 million, or 28 cents a share, in the quarter, compared with a loss of $77.2 million, or 30 cents a share, in the year-ago quarter. Revenue rose to $255.5 million from $134.5 million a year ago. Analysts polled by FactSet had expected an adjusted loss of 29 cents a share on sales of $255.4 million. For the fourth quarter, Farfetch said it expects a loss between $21 million and $31 million. "We had a fantastic Q3, beating all our expectations, and continuing to capture market share at a rapid pace," Chief Executive Jose Neves said in a statement. Farfetch stock ended the regular trading day down 7%.

/zigman2/quotes/203824836/composite
US : U.S.: NYSE
$ 9.43
-0.08 -0.84%
Volume: 2.19M
Dec. 10, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.83 billion
Rev. per Employee
$186,381
loading...

Get news alerts on Farfetch Ltd. Cl A — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.