Bulletin
Investor Alert

Market Pulse Archives

Nov. 3, 2021, 4:23 p.m. EDT

Etsy shares dip 1% on lower-than-expected Q4 revenue guidance

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Etsy Inc. (ETSY)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Jon Swartz

Shares of Etsy Inc. /zigman2/quotes/202790087/composite ETSY -1.86% dipped 1% in extended trading Wednesday after the e-commerce company reported fiscal third-quarter results that exceeded Street expectations but offered fourth-quarter revenue guidance that fell shy of analyst forecasts. Etsy reported net income of $89.9 million, or 62 cents a share, compared with net income of $91.8 million, or 70 cents a share, in the year-ago quarter. The company's adjusted net income was $174.2 million. Revenue improved 18% to $532.4 million from $451.5 million a year ago. However, fourth-quarter sales were estimated at between $660 million and $690 million, short of the $691 million projected by analysts. Analysts surveyed by FactSet had expected third-quarter net income of 55 cents a share on revenue of $519 million. Etsy's stock is up 35% in 2021. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.08% has gained 24% this year.

/zigman2/quotes/202790087/composite
US : U.S.: Nasdaq
$ 163.70
-3.10 -1.86%
Volume: 3.16M
Jan. 14, 2022 4:00p
P/E Ratio
48.30
Dividend Yield
N/A
Market Cap
$20.75 billion
Rev. per Employee
$1.58M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,662.85
+3.82 +0.08%
Volume: 2.52B
Jan. 14, 2022 5:16p
loading...

Get news alerts on Etsy Inc. and S&P 500 Index — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.