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Is It Too Late to Buy Farfetch Stock?

TheMotleyFool

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Is It Too Late to Buy Farfetch Stock?Photo, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

's (NYSE: FTCH) stock has surged nearly 40% since the company posted its first-quarter report on May 18. The London-based luxury e-tailer's revenue rose 8% year over year to $556 million and exceeded analysts' estimates by $41 million.

On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, Farfetch narrowed its loss from $36 million to $35 million, while its adjusted net loss of $0.16 per share cleared the consensus forecast by $0.13.

Image source: Getty Images.

Source Fool.com