Etsy stock falling on Q1 earnings miss, cites macro headwinds

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Etsy News

Earnings Estimates,Akiko Fujita

E-commerce site Etsy (ETSY) is diving after Wednesday's market close, its stock falling by over 13% after missing first-quarter earnings estimates by an inch...

) is diving after Wednesday's market close, its stock falling by over 13% after missing first-quarter earnings estimates by an inch. Etsy posted $646 million in revenue — against estimates of $646.3 million for the quarter — and earnings of $0.48 per share — against estimates of $0.49.1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation

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The stock market's very rough April saw some of the biggest gainers of the first three months take some of the biggest dings to their market caps. And at the same time, some of the sectors that struggled in Q1 saw a similar reversal of fortune in April.McDonald's first-quarter earnings report showcased a combo meal of international headwinds, including global sales growth slowing behind figures from this time last year and boycotts related to the ongoing Israel-Palestine conflict.

 

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