Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Etsy Stock a Buy?

TheMotleyFool

0 0

Etsy's (NASDAQ: ETSY) stock price tumbled after the e-commerce company posted its second-quarter earnings on Wednesday, Aug. 4. It beat Wall Street's top- and bottom-line estimates, but its guidance came up short.

Etsy's revenue rose 23% year over year to $528.9 million, beating estimates by $3.2 million. Its net income grew 2% to $98.3 million, or $0.68 per share, and cleared expectations by four cents.

But for the third quarter, Etsy expects its revenue to rise just 11%-16% year over year, compared to the consensus forecast for 17% growth. That softer-than-expected guidance sank the stock -- but did investors overreact and open up a buying opportunity for long-term investors?

Source Fool.com

Like: 0

ETSY

Share