Etsy Shares Climb After Mixed Q3 Results: EPS Miss, Revenues Beat
Portfolio Pulse from Erica Kollmann
Etsy, Inc. (NASDAQ:ETSY) reported mixed Q3 results with earnings per share missing estimates but revenues exceeding expectations. Despite a decline in Gross Merchandise Sales (GMS) and active buyers, Etsy shares rose 11.79% after-hours.
October 30, 2024 | 8:40 pm
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Etsy reported mixed Q3 results with EPS missing estimates but revenues beating expectations. Despite a decline in GMS and active buyers, shares rose 11.79% after-hours, indicating positive investor sentiment.
Etsy's Q3 earnings report showed a miss on EPS but a beat on revenue, which is often seen as a positive indicator of growth potential. The rise in share price suggests investors are optimistic about Etsy's future, despite the decline in GMS and active buyers. The company's strategic focus on improving customer experience and engagement may have contributed to this positive sentiment.
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