Farfetch shares are trading lower after the company reported mixed Q2 financial results and issued FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Farfetch reported mixed Q2 financial results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.
August 17, 2023 | 8:23 pm
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NEGATIVE IMPACT
Farfetch's lower than expected FY23 revenue guidance and mixed Q2 results have led to a decrease in its share price.
Farfetch's shares are trading lower due to the company's mixed Q2 financial results and its FY23 revenue guidance, which was below estimates. This news directly impacts the company's stock price as it indicates potential future financial instability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100