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Etsy Crashes After Earnings and Revenue Misses

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Etsy, Inc. (ETSY) offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company's product include art, home and living, mobile accessories, jewelry, wedding, and others.

Currently, Etsy has a Zacks Rank #3 (Hold), but the ranking is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report:

ETSY:

1. Etsy posted an EPS of -$0.06, which missed our Zacks Consensus Estimate of -$0.03.

2. Etsy reported revenues of $65.7 million, which missed our consensus estimate of $68.5 million.

3. Marketplace revenue grew 19.7% year-over-year and Seller Services revenue grew 66.7% year-over-year.

4. "During the third quarter the growth in the Etsy Economy continued, and we generated more than $1.6 billion in GMS year-to-date and supported more than 1.5 million active sellers and 22.6 million active buyers," said Chad Dickerson, Etsy, Inc. CEO.

5. Shares of ETSY were up about 3.18% at the closing bell, but dropped over 8% in after-hours trading as of 4:35 p.m. EST.

Here's a graph that looks at Etsy's earnings surprise history:

Etsy Inc. (ETSY) - Earnings Surprise | FindTheCompany

Check back later for our full analysis on Etsy's third quarter earnings report!

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ETSY INC (ETSY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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