18.90 +0.06 (0.32%)
After hours: 4:57PM EDT
|Bid||18.90 x 1200|
|Ask||19.46 x 800|
|Day's Range||18.49 - 19.76|
|52 Week Range||5.99 - 22.11|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 06, 2020 - Aug. 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.29|
Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today announced that Elliot Jordan, Chief Financial Officer, will present at the Wells Fargo 2020 "Bricks to Clicks" Digital Conference on Thursday, June 25, 2020 at 12:50 p.m. ET.
Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today announced that Elliot Jordan, Chief Financial Officer, will present at the dbAccess Global Consumer Conference on Thursday, June 11, 2020 at 6:00 p.m. CET / 12:00 p.m. ET.
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, today announced that Elliot Jordan, Chief Financial Officer, will participate in the Cowen and Company 2020 Consumer Platforms for the Next Generation conference on Wednesday, May 27, 2020 at 3:00 p.m. ET.
Farfetch (NYSE: FTCH) and Electronic Arts (NASDAQ: EA) are two such stocks to keep an eye on. Farfetch operates a digital shopping platform that allows luxury brands to connect with consumers. Electronic Arts is one of the world's leading video game makers.
Shares of Farfetch (NYSE: FTCH), a technology platform for luxury fashion that connects creators and consumers, are down 12% on Friday even though the company topped analysts' estimates during the first quarter. Revenue increased 90% year over year during the first quarter to $331 million, easily beating analysts' estimates of $313 million. Farfetch's adjusted earnings per share checked in with a $0.24 loss, which was clearly better than the loss of $0.35 per share analysts estimated.
At this time, I'd like to welcome everyone to the Farfetch First Quarter 2020 Results Conference Call. Joining me today to discuss our results are Jose Neves, our Founder, Co-Chair and Chief Executive Officer; and Elliot Jordan, our Chief Financial Officer. Before we begin, we would like to remind you that our discussions today will include forward-looking statements.
Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today reported its financial results for the first quarter ended March 31, 2020.
Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, announced that the company's first quarter 2020 financial results will be released after the U.S. market close on Thursday, May 14, 2020.
Right now, much of humanity is hunkered down, hiding from the world and that ugly COVID-19 bug. We're staying indoors, in our sweatpants, staring at video screens all day. We're shopping virtually, we're working virtually, and we're going to the doctor virtually.
Farfetch Limited (NYSE: FTCH) ("Farfetch") announced today the pricing of $350.0 million principal amount of 3.75% Convertible Senior Notes due 2027 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Farfetch also granted the initial purchasers of the notes an option to purchase, for settlement within the 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $50.0 million principal amount of notes. The offering is expected to close on April 30, 2020, subject to customary closing conditions.
Farfetch Limited (NYSE: FTCH) ("Farfetch") announced today the commencement of an offering of $300.0 million principal amount of Convertible Senior Notes due 2027 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Farfetch also intends to grant the initial purchasers of the notes an option to purchase, for settlement within the 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $45.0 million principal amount of notes.
Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today provided a business update in light of the evolving COVID-19 global health pandemic, and reported preliminary financial results for the first quarter ended March 31, 2020. Farfetch has also published a letter from Founder, CEO and Co-Chair, José Neves, discussing the performance and broader perspectives on the business. The letter is available on the Company's Investor Relations website at farfetchinvestors.com in the Financial News section.
Due to increasingly restrictive travel and group event guidelines put in place as a precaution relating to COVID-19, Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, will postpone its Capital Markets Day, which was due to take place on Thursday, March 12, 2020 in New York, NY. The wellbeing of our people, investors, the Farfetch community, and the general public is our top priority. We look forward to continuing our dialogue with the investment community and will announce a new date for the event as soon as practicable.
Farfetch Limited (NYSE: FTCH), the leading global technology platform for the luxury fashion industry, announced today that it will host a Capital Markets Day in New York on Thursday, March 12, 2020 from 8:30am to 2:30pm ET.
(Bloomberg) -- Smart speakers such as those made by Amazon.com Inc. are to come under new scrutiny by the U.K. government when it publishes the results of a consultation into the security features of connected consumer devices.U.K. Digital Secretary Nicky Morgan said the results of the public inquiry, which concluded in June, will be released within the next “month or so” and contain proposals for mandatory industry requirements that could lead to potential new regulation.“We need to go out and ask what requirements are needed when you’re launching and operating these kinds of products so that people are safe,” she said in an interview with Bloomberg on Wednesday. “What more do the companies need to build in for security?”The publication will be broad and cover a wide range of so-called Internet of Things technologies, but comes as regulators and lawmakers in the U.S. and Europe examine whether Google, Apple Inc. and Amazon violated privacy by employing human reviewers to listen to voice commands recorded by digital assistants.Smart SpeakersBloomberg first reported in April that Amazon had a team of thousands of workers around the world listening to Alexa audio requests with the goal of improving the software.“We want to be pro-innovation and pro-tech, and encourage people to innovate,” Morgan said, “but recognize that we need to strike a balance, and help the public buying these devices to be aware of some of the concerns people have.”She said there was “massive potential” for connected devices in areas from health care to just turning lights on and off, but that the government has “an important role to play” in helping the public make sense of security questions being brought up.Read more about Silicon Valley eavesdropping here.Connected home devices surged in popularity last year and led to the inclusion of smart speakers in the virtual basket of products used by the Office for National Statistics to calculate U.K. inflation. Consulting firm Juniper Research Ltd. estimates that by 2023 the global annual market for smart speakers will reach $11 billion, and there will be about 7.4 billion voice-controlled devices.Still, the rise in use of connected devices, combined with the advent of super fast 5G mobile networks, has sparked concerns among cybersecurity experts who worry bad actors will have even more options to hack into or target devices.Amazon faces a lawsuit brought by a man who claims someone took control of a Ring video camera installed on his garage and spoke to his children, one among a set of similar incidents.In a separate interview with Bloomberg, Morgan said the government will ensure Huawei Technologies Co. is not involved in “critical national infrastructure” as it weighs up whether the Chinese company can play a role in its 5G telecommunications networks.U.K. GrowthVenture capital firms invested 9.2 billion pounds ($12 billion) in the U.K. last year, up 22% from a year earlier, according to a report from consultancy KPMG and PitchBook released on Wednesday. European funds are spending record amounts as the technology industry on the continent becomes more competitive with peers in the U.S. and Asia.“We’ve got great digital skills, we’ve got obviously a very active, well-developed VC investment market, we’ve got a government that wants to support,” innovation and further changes, Morgan said in an interview on Bloomberg Television. “There are a number of different reasons why people will set up in the U.K.”Morgan’s comments came after Felix Capital, the London-based venture capital firm that backed Goop Inc., Farfetch Ltd. and Peloton Interactive Inc., closed its third round of funding, raising $300 million, the company said in a statement on Wednesday.The round doubles the company’s assets under management to more than $600 million, Felix said. The firm generally invests in technology companies targeting consumers with online services such as delivering high-end designer clothes and vegetarian meal boxes.Europe as a whole is beginning to benefit from experience, having had a generation of successful startups to learn from, Felix founder Frederic Court said in an interview with Bloomberg TV.Europe now has “the benefit of 10, 15, 20 years of having grown the likes of Spotify,” Court said. That’s led to “significant improvement of the quality of the management that entrepreneurs can access.”As the U.K. approaches a Jan. 31 deadline to leave the European Union trading bloc, the government is hoping that the tech sector continues to be a draw for new businesses and a growth engine for the economy. As long as talent continues to flow into the country, more certainty about the Brexit process could encourage venture capital investors to deploy more cash, KPMG said in its report.To contact the reporters on this story: Nate Lanxon in London at firstname.lastname@example.org;Amy Thomson in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Venture firm Felix Capital, which invests in digitally-focused consumer brands, said on Wednesday it had doubled assets under management with its latest fundraising of $300 million. Felix, an early investor in luxury retailer Farfetch and exercise firm Peloton, both of which recently listed, said it would look to invest in areas such as digital commerce and digital media, mainly in Europe and the United States. "When we launched, we had a vision that the rapid transformation of consumers' behaviour offered a large opportunity and needed focus," founder Frederic Court said in a statement.
Even the best stock pickers will make plenty of bad investments. Unfortunately, shareholders of Farfetch Limited...
SAN DIEGO, Nov. 19, 2019 -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: FTCH shares. Investors, who purchased shares.
PHILADELPHIA, Nov. 18, 2019 -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Farfetch Limited (NYSE: FTCH) on behalf of investors who.
NEW YORK, NY / ACCESSWIRE / November 18, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...
NEW YORK, NY / ACCESSWIRE / November 18, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine ...
LOS ANGELES, CA / ACCESSWIRE / November 18, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Farfetch Limited ("Farfetch" or "the Company") (NYSE:FTCH) for violations of the Federal securities laws. Investors who purchased the Company's shares pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's September 2018 initial public offering ("IPO") are encouraged to contact the firm before November 18, 2019.