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Farfetch Stock Jumped Today. Is It a Buy?

TheMotleyFool

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Farfetch Stock Jumped Today. Is It a Buy?Photo, wide shot, wide-angle lens, Clothing manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/7d69264d-49b2-466c-9987-b2706836d522.png

Shares of Farfetch (NYSE: FTCH) were flying higher today, finishing up 39% after the online luxury fashion company posted fourth-quarter earnings results that showed surprising profit growth and reassured investors of its long-term growth opportunity.

Though revenue actually missed estimates as the top line grew 23% to $666 million, the company made up for it on the bottom line as adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) surged from $10.4 million to $36.1 million as the company made efforts to control markdowns.

Image source: Getty Images.

Source Fool.com

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