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Why Farfetch Stock Was Tumbling Today

TheMotleyFool

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Why Farfetch Stock Was Tumbling 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

Shares of Farfetch (NYSE: FTCH) were taking a dive today after the luxury e-commerce fashion platform posted disappointing third-quarter earnings results and cut its guidance.

As of 2:54 p.m. ET, the stock was down 16.9%.

Farfetch said revenue increased 1.9% in the quarter, or 14.1% in constant currency, to $593.4 million, which was short of estimates at $596.6 million.

Source Fool.com

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