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MarketWatch MarketPulseFeb 25, 2021
: Farfetch stock drops as better-than-expected results follow 500% price surge
Farfetch Ltd. FTCH shares fell in the extended session Thursday as the luxury retailer reported quarterly earnings following a huge run-up in share price from a year ago. Farfetch shares dropped 10% after hours, following a 4.2% decline to close the regular session at $63.81. Farfetch shares have soared more than 500% over the past 12 months. The company reported a fourth-quarter loss of $2.28 billion, or $6.53 a share, compared with a loss of $110.1 million, or 34 cents a share in the year-ago period. Excluding a $1.89 billion loss on "embedded derivate liabilities" because of the company's increase in share price and other items, the company reported an adjusted loss of 6 cents compared with a loss of 8 cents a share in the year-ago quarter. Revenue rose to $540.1 million from $382.2 million in the year-ago period. Analysts surveyed by Factset had expected an adjusted loss of 13 cents a share on revenue of $518.1 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Yahoo BusinessFeb 25, 2021
Beyond Meat lands deals with McDonald's, KFC, Taco Bell and Pizza Hut; stock surges despite lukewarm earnings

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