ETSY - What's Going On With Etsy Stock Thursday? | Benzinga
Etsy Inc (NASDAQ: ETSY) shares are trading lower Thursday on the heels of the company's third-quarter results. Several analysts also lowered price targets on the stock following the print.
- Q3 Revenue: $636.3 million missed estimates of $640.566 million
- Q3 EPS: 64 cents beat estimates of 51 cents
Consolidated GMS (gross merchandise sales) totaled $3 billion in the quarter, up 1.2% year-over-year. Etsy marketplace GMS was up 1% year-over-year to $2.7 billion.
Headwinds to consolidated GMS included the macroeconomic environment, which impacted consumer discretionary ...