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Etsy’s stock is dropping on earnings miss, slow start to fiscal year https://t.co/zhC579U3aI
$ETSY down 5% AH Etsy Sees Q1 as Low Point in Year-Over-Year Growth in GMS and Revenue; Expects Revenue Growth to Outpace GMS Growth https://t.co/UGsedL1IgU
$CAKE | Cheesecake Factory Q4 Earnings: - Adj EPS $0.80 (Est. $0.73) - Sales $877.00M (Est. $878.43M) https://t.co/UbxPYRiFVQ
Etsy's Q4 earnings report showed an adjusted EPS of $0.62, missing estimates by 15 cents, but beating revenue expectations with sales reaching $842.30 million. Following the report, Etsy's stock dropped by 5% after hours. The company anticipates a slow start in Q1 with a decline in year-over-year growth in Gross Merchandise Sales (GMS) and revenue, although revenue growth is expected to outpace GMS growth.