Etsy Q3 Earnings: EPS Beat, Revenue Up 7% Amid 'Challenging Environment' For Discretionary Spending
Portfolio Pulse from Adam Eckert
Etsy Inc reported Q3 earnings with a 7% YoY increase in revenue to $636.3 million, missing the consensus estimate of $640.566 million. The company reported quarterly earnings of 64 cents per share, beating estimates of 51 cents per share. Etsy expects Q4 GMS to decline in the low-single-digit range YoY. Etsy shares were down 3.80% after hours.
November 01, 2023 | 8:54 pm
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Etsy's Q3 earnings report showed a revenue increase but missed estimates, and the company expects a decline in Q4 GMS. The stock price fell 3.80% after hours.
Etsy's Q3 earnings report showed a revenue increase but missed the consensus estimate, which could negatively impact investor sentiment. Additionally, the company's expectation of a decline in Q4 GMS could further dampen investor sentiment. This is reflected in the 3.80% drop in the stock price after hours.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100