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Why Etsy Stock Dropped 21% in October

TheMotleyFool

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Shares of Etsy (NASDAQ: ETSY) fell 21.3% in value last month, according to data from S&P Global Market Intelligence, following its third-quarter earnings report. The online marketplace posted stellar growth in revenue that exceeded analysts' expectations.

However, net income decreased by 25.6% year over year to $14.8 million for the quarter. But earnings per share of $0.12 was still in line with analysts' estimates.

Image source: Etsy.

Source Fool.com

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