Farfetch Limited (NYSE:FTCH) is set to announce third quarter earning results on Thursday 12th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FTCH to report 3Q20 loss of $ 0.4 per share.
For the full year, analysts anticipate top line of $ 1540.57 million, while looking forward to loss of $ 1.88 per share bottom line.
Previous Quarter Performance
Farfetch Limited unfold loss for the second quarter of $ 0.20 per share, from the revenue of $ 364.68 million. The quarterly revenues extended 83.19 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.35 per share from $ 326.92 million in revenue. The bottom line results beat street analysts by $ 0.15 or 42.86 percent, at the same time, top line results outshined analysts by $ 37.76 million or 11.55 percent.
Stock Performance
Shares of Farfetch Limited traded up $ 1.59 or 3.88 percent on Wednesday, reaching $ 42.59 with volume of 4.19 million shares. Farfetch Limited has traded high as $ 44.68 and has cracked $ 41.75 on the downward trend
The closing price of $ 42.59, representing a 584.47 % increase from the 52 week low of $ 5.99 and a 8.24 % decrease over the 52 week high of $ 44.68.
