Etsy Stock Falls After-Hours On Q2 Earnings: What's Going On
Portfolio Pulse from Ryan Gustafson
Etsy, Inc. reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.41, but marking an 11.76% decrease from last year. The company also reported quarterly sales of $628.88 million, beating the analyst consensus estimate of $621.87 million, a 7.48% increase from last year. However, Etsy's shares fell in after-hours trading following the earnings report. The company issued guidance for Q3 2023, with GMS between $2.95 billion and $3.10 billion and revenue between $610 million and $645 million.
August 04, 2023 | 12:14 pm
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Despite beating analyst estimates for Q2 earnings and sales, Etsy's shares fell in after-hours trading. The company's Q2 earnings per share decreased by 11.76% from last year, which may have contributed to the stock's decline.
Etsy's Q2 earnings beat analyst estimates, but the company's earnings per share decreased by 11.76% from last year. This decrease in earnings, despite beating estimates, may have contributed to the decline in the company's stock price in after-hours trading.
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