What happened Shares of Farfetch (NYSE: FTCH) fell as much as 16.8% early Thursday, then settled to trade down around 9.9% as of 3:30 p.m. EDT after the online luxury fashion retailer announced mixed first-quarter 2019 results. On one hand, Farfetch's quarterly revenue climbed 38.6% year over year to $174.1 million, beating analysts' consensus estimates by around $3 million. On the other hand, the company's adjusted (non-GAAP) loss of $0.22 per share widened from $0.18 per share in the year-ago period and was worse than Wall Street's models for a loss closer to $0.16 per share. IMAGE SOURCE: GETTY IMAGES. So what Farfetch founder, co-chairman, and CEO Jose Neves unsurprisingly focused on the company's "excellent growth," noting that platform gross merchandise volume (GMV) soared 44% (or 50% at constant currency) to $415 million, exceeding both the company's expectations (guidance called for Q1 GMV growth of 40%) and growth in the broader online personal luxury goods segment. "Overall, we are very well positioned to continue capturing share of the significant opportunity in the online personal luxury goods market," Neves added. Now what For the second quarter, Farfetch expects platform GMV to climb 40% to 42% year over year. As such, Farfetch raised its outlook to call for full-year 2019 platform GMV growth of 41%, up from its initial target of 40%. As long as Farfetch is choosing to forsake bottom-line profits in favor of investing to drive top-line growth and take market share, it shouldn't be terribly surprising that it might incur a wider-than-expected loss if its currently unprofitable sales momentum outpaces its outlook. But with shares up around 45% year to date leading into this quarterly update, it seems the market is unwilling -- at least for now -- to forgive these technically mixed results. 10 stocks we like better than Farfetch LimitedWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Farfetch Limited wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 1, 2019Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source