Etsy shares slip on light revenue and forecast decline in gross merchandise sales
Publishing timestamp: 2023-11-01 17:05:19
Summary
Etsy's third-quarter earnings missed analysts' estimates for revenue and the company forecasted a decline in gross merchandise sales for the fourth quarter. The CEO acknowledged the challenging environment for consumer discretionary spending. Shares of Etsy fell more than 4% after the release of the results.
Sentiment: NEGATIVE
Tickers: ETSY,
Keywords: breaking news: earnings, etsy inc, earnings, enterprise, breaking news: technology, internet, business news, technology, media, breaking news: business,
Source: https://www.cnbc.com/2023/11/01/etsy-etsy-q3-earnings-2023-.html