|Bid||0.0000 x 27000|
|Ask||0.0000 x 21500|
|Day's range||1.8700 - 2.0200|
|52-week range||1.7600 - 10.8800|
|Beta (5Y monthly)||3.02|
|PE ratio (TTM)||N/A|
|Earnings date||17 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||6.02|
Farfetch's (NYSE: FTCH) stock sank by 45% on Friday after the luxury e-tailer posted its second-quarter earnings report. Its brand platform division, which distributes its products to third-party retailers, generated 21% of overall revenue.
The luxury fashion and beauty products retailer missed quarterly revenue estimates and significantly lowered its full-year guidance.
e-commerce company Farfetch (FTCH) is seeing its stock plunge this morning after missing on revenue and issuing weaker-than-expected guidance. Farfetch received several analyst downgrades this morning. Yahoo Finance Live examines the retail environment that has online platforms like Farfetch competing with big-box stores.