Farfetch Q2 EPS $(0.21) Beats $(0.42) Estimate, Sales $572.09 Miss $649.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Farfetch (NYSE:FTCH) reported Q2 losses of $(0.21) per share, beating the analyst consensus estimate of $(0.42) by 50 percent. However, the company's quarterly sales of $572.09 million missed the analyst consensus estimate of $649.17 million by 100.00 percent, representing a 100.00 percent decrease from the same period last year.
August 17, 2023 | 8:07 pm
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Farfetch's Q2 EPS beat estimates but sales missed, indicating mixed financial performance.
Farfetch's earnings per share (EPS) for Q2 beat the analyst consensus estimate, which is a positive signal for investors. However, the company's sales missed the estimate, which could be a concern. The mixed results may lead to neutral short-term price movement.
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