By Yasin Ebrahim
Investing.com -- Farfetch reported Thursday third-quarter results that fell short of Wall Street estimates as a stronger dollar and Covid-19 restrictions in China weighed.
Farfetch (NYSE:FTCH) fell 10% in afterhours trading following the report.
The luxury e-commerce company announced earnings per share of $-0.24 on revenue of $593.4 million. Analysts polled by Investing.com anticipated EPS of $-0.21 on revenue of $598.26M.
Gross merchandise value - a key metric for online retailers - fell 5.0% year-over-year in Q3, pressured by a stronger dollar.
Looking ahead, the company warned that uncertainties including the impact of the COVID-19 pandemic, macroeconomic factors and geopolitical turmoil could have "material impacts" on future performance.