Etsy reported better than expected third-quarter earnings after the market Wednesday. Revenues came in over $400 million with the marketplace platform expected to have sustained momentum during the coronavirus lockdown with orders and customer relationships becoming more developed.
Etsy reported worse than expected first-quarter earnings after the market Wednesday that beat on revenue but missed on earnings. $ETSY stock was hit in a volatile session over 12% from after market highs after they retracted guidance and gross margins fell.
Etsy reported third-quarter earnings after the market Wednesday that beat on revenue and matched estimates on earnings. However $ETSY lowered guidance and margins leading to analysts downgrading price targets sending the stock down over 15%.