Etsy Q2 2024 GAAP EPS $0.46 Beats $0.44 Estimate, Sales $647.80M Beat $629.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Etsy reported Q2 2024 earnings per share of $0.46, beating the analyst estimate of $0.44. The company also reported sales of $647.80 million, surpassing the $629.57 million estimate. This represents a 3.01% increase in sales compared to the same period last year.
July 31, 2024 | 8:06 pm
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POSITIVE IMPACT
Etsy reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.46 beating the $0.44 estimate and sales of $647.80 million surpassing the $629.57 million estimate. This positive performance is likely to boost investor confidence and could lead to a short-term increase in the stock price.
Etsy's better-than-expected earnings and sales figures are likely to positively impact the stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100