Etsy Plunges 13% After Reporting Its First-Quarter Financial Performance

Post from http://www.danieluk.net

 Shares of Etsy plunged today after the company reported roughly in-line revenue and a wider-than-expected loss. Etsy, a popular marketplace for handmade goods, reported top line of $ 58.5 million, ahead of expectations of $ 58 million. However, the company lost $ 36.6 million in the quarter, or $ 0.84 per share. In the year-ago quarter, Etsy had a far-smaller $ 463,000 loss. Etsy is off over 13… Read More

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Etsy Plunges 13% After Reporting Its First-Quarter Financial Performance http://www.danieluk.net/news/etsy-plunges-13-after-reporting-its-first-quarter-financial-performance/