Etsy operates an asset-light platform business, unlike typical retailers. The company has hit a rough patch due to weaker consumer spending.
Wall Street took a dim view of Etsy's latest results, and that included a sell rating from Loop Capital. Gross merchandise sales, perhaps its most important metric, continue to fall.
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Etsy reported another quarter of declining gross merchandise sales. Management touted its turnaround strategy, but it's yet to pay off.
The stock market had a strong 2023, which carried into 2024. After some initial declines in April, tech giants reported strong earnings that raised the stock market.
Etsy's (ETSY) first-quarter 2024 results reflect the adverse impacts of macro headwinds on the marketplace business amid growing momentum across active buyers and sellers.

Why Etsy Stock Slumped This Week

09:38am, Friday, 03'rd May 2024
Etsy's sales volumes fell this past quarter. The company is working on improving the shopping experience.
Major U.S. equities indexes pushed higher the day after the Federal Reserve announced its latest policy decision, holding the fed funds rate steady for the sixth straight meeting. Although the path to

Etsy falls to lowest price since 2020

03:59pm, Thursday, 02'nd May 2024
Etsy shares traded above $300 in late 2021, but since then the online retailer has seen its shares plummet - on Thursday after earnings, the stock fell to its lowest level since the beginning of the C

Why Etsy Stock Took a Dive Today

02:34pm, Thursday, 02'nd May 2024
Etsy reported another round of weak sales in the first quarter. The business is struggling to grow in a post-pandemic world.
Shares of Etsy, Inc. (ETSY) plummeted in Thursday morning trading after the e-commerce retailer reported quarterly earnings that came in short of expectations after markets closed Wednesday.
ETSY's first-quarter results reflect strength across active sellers and reactivated buyers. Also, accelerating services revenues remains a plus.

QCOM Higher, QRVO & ETSY Lower After Earnings

12:12pm, Thursday, 02'nd May 2024
Qualcomm (QCOM) is higher after earnings. Qorvo (QRVO) is lower despite reporting strong earnings.
Etsy Inc (NASDAQ:ETSY, ETR:3E2) shares plunged more than 13% after the online marketplace focused on handmade and vintage items posted a quarterly earnings miss amid a slowdown in discretionary consum
Large-cap growth funds have been in the sweet spot for a few years now, thanks to megacap tech holdings.
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