Farfetch Stock Jumped Today. Is It a Buy?
Shares of Farfetch (NYSE: FTCH) were flying higher today, finishing up 39% after the online luxury fashion company posted fourth-quarter earnings results that showed surprising profit growth and reassured investors of its long-term growth opportunity.
Though revenue actually missed estimates as the top line grew 23% to $666 million, the company made up for it on the bottom line as adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) surged from $10.4 million to $36.1 million as the company made efforts to control markdowns.
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Source Fool.com
