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2021-08-05
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Etsy Plummets On Revenue Guidance
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The revenue figure beat the street consensus of $524.8 million.</p>\n<p>The company reported quarterly earnings per share of 68 cents, beating estimates by a nickel.</p>\n<p>Etsy’s second-quarter gross merchandise sales were $3 billion, up 13% year-over-year.</p>\n<p>The company added 8 million new buyers in the quarter and saw 11.9 million total new and reactivated (over <a href=\"https://laohu8.com/S/AONE.U\">one</a> year inactive) accounts.</p>\n<p>Habitual customers who make six or more purchases in a 12-month period were up 115% year-over-year and represent the company’s fastest-growing segment.</p>\n<p><b>What’s Next: </b>Etsy is guiding for third-quarter revenue to come in a range of $500 million to $525 million. The revenue guidance represents year-over-year growth of 13.5% at the mid-point of the range.</p>\n<p>The street was estimating revenue to be $524.9 million in the third quarter.</p>\n<p>The company’s third-quarter guidance for gross merchandise sales of $2.9 billion to $3.0 billion represents year-over-year growth of 13.5%, but would be down from the second quarter.</p>\n<p>Etsy is not issuing guidance for the full fiscal year. The weaker revenue guidance could show the company’s growth is slowing down and lead to analyst downgrades Thursday.</p>\n<p><b>ETSY Price Action: </b>After closing up 6%, Etsy shares are down over 13% to $174.80 in after-hours trading.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Etsy Plummets On Revenue Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEtsy Plummets On Revenue Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-05 07:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Online marketplace <b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a> </b>reported second-quarter earnings after hours Wednesday.</p>\n<p><b>What Happened:</b> Etsy reported second-quarter revenue of $528.9 million, up 23.4% year-over-year. The revenue figure beat the street consensus of $524.8 million.</p>\n<p>The company reported quarterly earnings per share of 68 cents, beating estimates by a nickel.</p>\n<p>Etsy’s second-quarter gross merchandise sales were $3 billion, up 13% year-over-year.</p>\n<p>The company added 8 million new buyers in the quarter and saw 11.9 million total new and reactivated (over <a href=\"https://laohu8.com/S/AONE.U\">one</a> year inactive) accounts.</p>\n<p>Habitual customers who make six or more purchases in a 12-month period were up 115% year-over-year and represent the company’s fastest-growing segment.</p>\n<p><b>What’s Next: </b>Etsy is guiding for third-quarter revenue to come in a range of $500 million to $525 million. The revenue guidance represents year-over-year growth of 13.5% at the mid-point of the range.</p>\n<p>The street was estimating revenue to be $524.9 million in the third quarter.</p>\n<p>The company’s third-quarter guidance for gross merchandise sales of $2.9 billion to $3.0 billion represents year-over-year growth of 13.5%, but would be down from the second quarter.</p>\n<p>Etsy is not issuing guidance for the full fiscal year. The weaker revenue guidance could show the company’s growth is slowing down and lead to analyst downgrades Thursday.</p>\n<p><b>ETSY Price Action: </b>After closing up 6%, Etsy shares are down over 13% to $174.80 in after-hours trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETSY":"Etsy, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157488723","content_text":"Online marketplace Etsy reported second-quarter earnings after hours Wednesday.\nWhat Happened: Etsy reported second-quarter revenue of $528.9 million, up 23.4% year-over-year. The revenue figure beat the street consensus of $524.8 million.\nThe company reported quarterly earnings per share of 68 cents, beating estimates by a nickel.\nEtsy’s second-quarter gross merchandise sales were $3 billion, up 13% year-over-year.\nThe company added 8 million new buyers in the quarter and saw 11.9 million total new and reactivated (over one year inactive) accounts.\nHabitual customers who make six or more purchases in a 12-month period were up 115% year-over-year and represent the company’s fastest-growing segment.\nWhat’s Next: Etsy is guiding for third-quarter revenue to come in a range of $500 million to $525 million. The revenue guidance represents year-over-year growth of 13.5% at the mid-point of the range.\nThe street was estimating revenue to be $524.9 million in the third quarter.\nThe company’s third-quarter guidance for gross merchandise sales of $2.9 billion to $3.0 billion represents year-over-year growth of 13.5%, but would be down from the second quarter.\nEtsy is not issuing guidance for the full fiscal year. The weaker revenue guidance could show the company’s growth is slowing down and lead to analyst downgrades Thursday.\nETSY Price Action: After closing up 6%, Etsy shares are down over 13% to $174.80 in after-hours trading.","news_type":1,"symbols_score_info":{"ETSY":0.9}},"isVote":1,"tweetType":1,"viewCount":1967,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/890583871"}
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