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Here's Why Farfetch Stock Is Soaring Today

TheMotleyFool

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Here's Why Farfetch Stock Is Soaring Today

Shares of Farfetch Limited (NYSE: FTCH), a luxury fashion e-commerce platform, spiked today after the company reported a better-than-expected loss in the first quarter.

Farfetch's stock skyrocketed by 30.1% as of 1:59 p.m. ET.

Farfetch reported an adjusted loss per share of $0.24 in the first quarter, which was down from a loss of $0.22 per share in the year-ago quarter but ahead of analysts' average estimate of a loss of $0.28 per share.

Source Fool.com

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