Farfetch Announces First Quarter 2022 Results

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Alibaba (BABA) PT Lowered to $158 at Goldman Sachs

May 27, 2022 6:27 AM EDT

Goldman Sachs analyst Ronald Keung lowered the price target on Alibaba (NYSE: BABA) to $158.00 (from $185.00) while maintaining a Buy rating following earnings.

trim revenue forecasts in FY23E/24E/25E by 4%/6%/7%, with the majority of revenue cut on Cloud... More

Farfetch Limited (FTCH) Tops Q1 EPS by 4c, Revenue Misses, Offers Outlook

May 26, 2022 4:09 PM EDT

Farfetch Limited (NYSE: FTCH) reported Q1 EPS of ($0.24), $0.04 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $514.8 million versus the consensus estimate of $560.3 million.

Outlook:

The following forward-looking statements reflect Farfetchs expectations as of May 26, 2022.

For... More