EBay, Etsy earnings Q1 2022 reflect e-commerce crunch


An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.

Victor J. Blue/Bloomberg via Getty Images

Etsy and eBay reported better-than-expected first-quarter results after the bell on Wednesday, but the companies gave weak guidance for the current quarter that suggests the e-commerce sector is cooling off after a pandemic-fueled boost.

Shares of eBay fell more than 6% in extended trading, while Etsy’s stock plunged as much as 12%.

Here’s how Etsy did, compared with expectations of analysts surveyed by Refinitiv:

  • Earnings per share: 60 cents vs. 60 cents expected
  • Revenue: $579 million vs. $575 million

And here’s how eBay did, compared with…

Source cnbc.com

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