ETSY

Etsy (ETSY) Posts In-Line Q3 Earnings, Misses Revenue Expectations

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Etsy, Inc. (ETSY) just released its third-quarter earnings results, posting earnings of -$0.02 per share and revenue of $87.6 million.

Currently, ETSY has a Zacks Rank #5 (Strong Sell), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Etsy:

Matched earnings estimates . The company posted a loss of 2 cents per share, which matched Wall Street expectations of -$0.02.

Missed revenue estimates . The company saw revenue figures of $87.6 million, which missed our estimate of $90 million.

GMS was $677.2 million, up 19.1% compared with the year-ago quarter. Growth in GMS was helped by an 11.3% increase in active sellers and a 20.1% increase in active buyers.

Etsy announced that CFO Kristina Salen has decided to leave the company in March. Etsy will begin its search for a replacement immediately.

ETSY was up 1.93% to $13.20 as of 4:48 p.m. EST in after-hours trading shortly after its earnings report was released.

Here's a graph that looks at Etsy's latest earnings performance:

ETSY INC Price, Consensus and EPS Surprise

ETSY INC Price, Consensus and EPS Surprise | ETSY INC Quote

Etsy, Inc. 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

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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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