Shars of Farfetch Ltd.
dropped more than 30% in the extended session Thursday after the luxury fashion company reported lower-than-expected sales for its second quarter. Farfetch posted a loss of $281 million, or 68 cents a share, in the quarter, compared with a loss of $68 million, or 50 cents a share, in the year-ago period. Adjusted for one-time items, Farfetch lost 21 cents a share. Revenue fell to $572 million, from $579 million a year ago.