HomeMarket NewsMicro Cap StocksFarfetch Ltd Stock Plummeting After Unexpected Q3 Financial Reporting Delay

Farfetch Ltd Stock Plummeting After Unexpected Q3 Financial Reporting Delay

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  • Halt on Q3 Financial Results
  • Market Update Planned

Farfetch Ltd FTCH has taken a nosedive, with shares plummeting by 47% to $1.11 on Wednesday morning. The reason? The company announced it won’t be making public its third-quarter financial results as expected.

The unexpected pullback was accompanied by the cancellation of the associated conference call. Farfetch indicated that it was delaying the release of forecasts or guidance and warned against relying on any previous estimates. Instead, the company plans to provide a market update at a later time.

See Also:Β Why Verve Therapeutics StockΒ Is Falling

Benzinga Pro data reveals that FTCH has reached a 52-week high of $54.60 and a 52-week low of $27.85.

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