Zinger Key Points
- Farfetch announced in a concise press release on Tuesday that it will not be disclosing its financial results for the third quarter.
- Alternatively, the company intends to provide a market update at a later time instead.
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Farfetch Ltd FTCH shares were trading higher by 13.2% to $1.10 Thursday afternoon, rebounding after falling sharply Wednesday, after the company this week said it will not announce third-quarter results.
The company Farfetch announced the postponement of its third-quarter 2023 financial results and canceled the accompanying conference call.
They are refraining from providing forecasts or guidance, cautioning against relying on previously given estimates.
Instead, Farfetch intends to provide a market update at a later time.
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According to data from Benzinga Pro, FTCH has a 52-week high of $8.90 and a 52-week low of $0.92.
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