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Etsy Inc (NASDAQ:ETSY, ETR:3E2) shares plunged more than 13% after the online marketplace focused on handmade and vintage items posted a quarterly earnings miss amid a slowdown in discretionary consumer product spending. Etsy shares traded down 13.6% at about $60 late morning on Thursday.
Etsy, Inc. (NASDAQ:ETSY ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Deb Wasser - Vice President, Investor Relations Josh Silverman - Chief Executive Officer Rachel Glaser - Chief Financial Officer Conference Call Participants Maria Ripps - Canaccord Laura Champine - Loop Michael Morton - MoffettNathanson Naved Khan - B. Riley Securities Trevor Young - Barclays Ken Gawrelski - Wells Fargo Mark Kelley - Stifel Deb Wasser Hi, everyone, and welcome to Etsy's First Quarter 2024 Earnings Conference Call.
The headline numbers for Etsy (ETSY) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Etsy (ETSY) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.53 per share a year ago.
Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Etsy (ETSY), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
In the closing of the recent trading day, Etsy (ETSY) stood at $67.20, denoting a +0.49% change from the preceding trading day.
Etsy (ETSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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