ETSY - Etsy Q3 Earnings: EPS Beat Revenue Up 7% Amid 'Challenging Environment' For Discretionary Spending | Benzinga
Etsy Inc (NASDAQ: ETSY) reported third-quarter financial results on Wednesday. Here's a look at the key highlights from the quarter.
Q3 Earnings: Etsy said third-quarter revenue increased 7% year-over-year to $636.3 million, which missed the consensus estimate of $640.566 million, according to Benzinga Pro. The company reported quarterly earnings of 64 cents per share, which beat estimates of 51 cents per share.
Consolidated GMS (gross merchandise sales) totaled $3 billion in the quarter, up 1.2% year-over-year.
The company said headwinds to consolidated GMS included the dynamic macroeconomic environment, which ...