ETSY - Etsy Q1 Earnings: Revenue Miss EPS Miss 'Challenging Macroeconomic Environment' | Benzinga
Etsy Inc (NASDAQ:ETSY) reported first-quarter financial results after the market close on Wednesday. Here’s a look at the key highlights from the quarter.
Q1 Earnings: Etsy reported first-quarter revenue of $645.954 million, which missed the consensus estimate of $646.33 million, according to Benzinga Pro. The company reported quarterly earnings of 48 cents per share, which missed estimates of 49 cents per share.
Consolidated GMS (gross merchandise sales) totaled $3 billion in the quarter, down 3.7% year-over-year, primarily due to the challenging macroeconomic environment that impacted consumer discretionary product ...