© Reuters.
By Yasin Ebrahim
Investing.com — Farfetch reported Thursday third-quarter results that fell short of Wall Street estimates as a stronger dollar and Covid-19 restrictions in China weighed.
Farfetch (NYSE:) fell 10% in afterhours trading following the report.
The luxury e-commerce company announced per share of $-0.24 on revenue of $593.4 million. Analysts polled by Investing.com anticipated EPS of $-0.21 on revenue of $598.26M.
Gross merchandise value – a key metric for online retailers – fell 5.0% year-over-year in Q3, pressured by a stronger .
Looking ahead, the company warned that uncertainties including the impact of the COVID-19 pandemic, macroeconomic factors and geopolitical turmoil could have “material impacts” on future performance.
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