Farfetch Announces First Quarter 2021 Results
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Alibaba (BABA) PT Lowered to $300 at Raymond James Following Earnings
May 13, 2021 4:45 PM EDTRaymond James analyst Aaron Kessler lowered the price target on Alibaba (NYSE: BABA) to $300.00 (from $330.00) while maintaining a Strong Buy rating.
The analyst commented, "Alibaba delivered a mixed F4Q21 with modest revenue upside though lower-than-expected EBITA due to incremental investments. Alibaba... More
Farfetch Limited (FTCH) Tops Q1 EPS by 16c, Revenues Beat
May 13, 2021 4:15 PM EDTFarfetch Limited (NYSE: FTCH) reported Q1 EPS of ($0.24), $0.16 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $485 million versus the consensus estimate of $454.97 million.
Q1 2021 Gross Merchandise Value and Digital Platform GMV growth of 50% and 60% year-over-year, respectively, to $916 million and $790 million, respectivelyQ1 2021 Revenue increases 46% year-over-year to $485 millionQ1 2021 Digital Platform Order Contribution Margin improves 100 bps year-over-year to 33%; Gross Profit Margin declines 80 bps year-over-year to 46%Q1 2021 Profit After Tax of $517 million includes $660 million non-cash benefit arising from lower share price impact on items held at fair value and... More