Why Farfetch Stock Soared Today
Shares of Farfetch (NYSE: FTCH) surged 26% on Friday after the luxury fashion platform reported second-quarter financial results that were better than many investors expected.
Farfetch's revenue rose 10.7% year over year to $579.3 million. Excluding the negative impact of foreign exchange fluctuations, the e-commerce company's sales jumped 20.7%.
That topped Wall Street's forecast. Analysts had projected revenue of $561.1 million.
Source Fool.com
