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Why Farfetch Stock Is Surging Today

TheMotleyFool

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Shares of online luxury-fashion seller Farfetch (NYSE: FTCH) were trading sharply higher on Friday, after the company reported that its second-quarter loss was narrower than Wall Street had expected.

As of noon EDT, Farfetch's shares were up about 9.8% from Thursday's closing price.

Farfetch reported its second-quarter results after the market closed on Thursday, and they were stronger than analysts had expected. On an "adjusted" basis, excluding one-time items and stock-based compensation costs, Farfetch lost $0.20 per share on revenue of $364.7 million.

Source Fool.com

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