ETSY - These Analysts Slash Their Forecasts On Etsy Following Downbeat Results | Benzinga
Etsy, Inc. (NASDAQ:ETSY) reported worse-than-expected first-quarter financial results on Wednesday.
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.
"Our first quarter performance, while in line ...