Farfetch Slips 8% Following Quarterly Results
Shares of Farfetch Limited (FTCH), an online marketplace for luxury fashion goods, are down more than 8% Friday morning following third-quarter results.
The company reported net earnings of $769.13 million in third quarter compared with net loss of f $536.96 million in the same quarter a year ago.
However, on a per share basis, it reported a loss of $0.25 for the quarter, compared with loss per share of $1.58 per share a year ago.
Excluding one-time items loss per share was $0.14.
Revenue for the quarter increased 33% year-over-year to $582.57 million.
FTCH, currently at $41.69, has traded in the range of $34.29- $73.87 in the last one year.
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