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Why Farfetch Stock Soared Today

TheMotleyFool

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Why Farfetch Stock Soared TodayPhoto, wide shot, wide-angle lens, Retail store, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/5574eb69-dc38-42f3-aadd-6163ac8bd4a8.png

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

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