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 18, 2023 | 1:26 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 is below estimates. This indicates a potential slowdown in growth, which is negatively impacting investor sentiment and causing a decrease in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100