Where Will Etsy Stock Be In 1 Year?
Etsy (NASDAQ: ETSY) hit a speed bump in its latest reporting period.
For its 2022 fourth quarter, reported on Feb. 22, the e-commerce company saw revenue rise 13% year over year to $807 million and beat analysts' estimates by $55.1 million. However, its net income fell 32% to $109.5 million, or $0.77 per share, and missed analysts' estimates by three cents.
For the full year, Etsy's revenue rose 10% to $2.57 billion, decelerating from its 35% growth in 2021, and it posted a net loss of $694 million -- compared to a net profit of $494 million a year ago. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stayed nearly flat at $717 million.
Source Fool.com
