Previous Close | 0.0100 |
Open | 0.0100 |
Bid | 0.0000 |
Ask | 0.0100 |
Strike | 7.00 |
Expire Date | 2023-10-20 |
Day's Range | 0.0100 - 0.0100 |
Contract Range | N/A |
Volume | |
Open Interest | 3.06k |
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.