Here's Why Farfetch Shares Are Rallying After Hours
Portfolio Pulse from Bill Haddad
Farfetch (NYSE:FTCH) reported better-than-expected Q1 results, with revenues of $556.4 million, an 8% YoY increase, and an EPS loss of $0.16, smaller than the expected $0.42 loss. The company expects FY23 Group GMV of approximately $4.9 billion.
May 18, 2023 | 9:11 pm
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Farfetch reported better-than-expected Q1 results, with revenues of $556.4 million, an 8% YoY increase, and an EPS loss of $0.16, smaller than the expected $0.42 loss.
Farfetch's better-than-expected Q1 results, with revenues beating consensus estimates and a smaller EPS loss, indicate a strong financial performance. This positive news is likely to have a short-term positive impact on the company's stock price, as evidenced by the after-hours rally.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100