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Why Farfetch Stock Surged 17.5% Today

TheMotleyFool

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Why Farfetch Stock Surged 17.5% TodayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

On another bad day for retail stocks, one retailer shined brightly on Friday: Farfetch (NYSE: FTCH). The London-based online "luxury" marketplace announced Q4 and full-year 2019 earnings last night, and in a couple of respects, exceeded expectations.

Heading into earnings, analysts had predicted Farfetch would lose $0.18 per share (pro forma) on sales of $341 million in the quarter. In fact, Farfetch said its pro forma losses were only $0.08 per share, while its sales came in at a much healthier-than-expected $382 million.

Image source: Getty Images.

Source Fool.com

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