Farfetch stock rallies more than 30% after Q4 earnings

Farfetch Ltd. FTCH, +5.19% stock jumped more than 30% in the extended session Thursday after the luxury fashion company reported a fourth-quarter loss that was narrower than Wall Street expected and sales that came in below estimates. Farfetch said it lost an adjusted 3 cents a share on sales that rose 23% to $666 million in the quarter. FactSet consensus called for a loss of 25 cents a share on sales of $673 million. The company guided for full-year gross merchandise volume growth between 28% and 32% for its digital platform and between 20% and 25% for its brand platform. Farfetch said it expects adjusted EBITDA margin between 1% and 2% for the year. The stock ended the regular trading day up 5.2%.