Etsy Q4 2023 Adj EPS $0.62 Misses $0.78 Estimate, Sales $842.30M Beat $827.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Etsy reported Q4 2023 earnings of $0.62 per share, missing the $0.78 estimate, but sales of $842.30M exceeded the $827.81M estimate, marking a 4.34% year-over-year increase.
February 21, 2024 | 9:08 pm
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Etsy's Q4 2023 earnings per share of $0.62 missed estimates by 20.51%, but sales of $842.30M exceeded expectations and showed a 4.34% increase from the previous year.
While Etsy's earnings per share fell short of analyst expectations, the company's sales exceeded forecasts and showed growth compared to the previous year. This mixed result could lead to neutral short-term price movement as investors weigh the earnings miss against the sales beat and year-over-year growth.
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