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
Shares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that missed analysts’ estimates for revenue, and forecast a decline in gross merchandise sales, or GMS.
Here’s how the company did:
- Earnings per share: 64 cents vs. 51 cents expected by LSEG, formerly known as Refinitiv
- Revenue: $636 million vs. $641 million expected by LSEG
Revenue rose 7% during the third quarter, up from the $595 million the company reported a year earlier. Etsy reported a net income of $87.9 million, or 64 cents per…