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Why Farfetch Stock Was Tumbling Today

TheMotleyFool

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Shares of Farfetch (NYSE: FTCH) were taking a dive today after the luxury e-commerce fashion platform posted disappointing third-quarter earnings results and cut its guidance.

As of 2:54 p.m. ET, the stock was down 16.9%.

Farfetch said revenue increased 1.9% in the quarter, or 14.1% in constant currency, to $593.4 million, which was short of estimates at $596.6 million.

Source Fool.com

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