Farfetch Limited (FTCH) Tops Q2 EPS by 23c, Revenue Beats, Offers Guidance

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Analysts Lower PTs on Farfetch (FTCH) Following Earnings, Still Well-Positioned Long-Term

August 20, 2021 10:15 AM EDT

Shares of Farfetch (NYSE: FTCH) are trading sharply lower this week to hit the lowest levels seen since May this year.

FTCH reported a Q2 loss of $0.17, better than the analyst estimate of a loss of $0.40. Revenue for the quarter came in at $523.3 million versus the consensus estimate of $495.11 million.

"Our strong performance in second quarter 2021 reflects powerful flywheel dynamics in play at full force. Our stronger Farfetch brand is drawing marketing partnerships and even greater supply from brands to drive... More