Why Etsy Fell 6.9% in 2019
Shares of Etsy (NASDAQ: ETSY) declined 6.9% in 2019, according to data from S&P Global Market Intelligence, lagging far behind the S&P 500's 29% gain, as investors grew concerned over the vintage and handcrafted e-commerce site's decision to forsake profits in favor of cementing its status as a top growth company.
That's not to say Etsy's year was all bad. Shares actually rallied more than 50% from the start of the year through the end of February as the market celebrated Etsy's strong fourth-quarter 2019 results -- revenue grew 47% year over year, translating to earnings of $41.3 million, or $0.32 per share. Both figures easily beat analysts' expectations for earnings of $0.21 per share on revenue closer to $195 million.
IMAGE SOURCE: GETTY IMAGES.
Source Fool.com
