BUZZ-Etsy falls on holiday-quarter sales miss
ReutersFeb 19, 2025 12:19 PM
Shares of online marketplace Etsy ETSY.O down 7% at $52.76 premarket
Co misses Q4 estimates for revenue and gross merchandise sales on softer sales on its two-way marketplace
Gross merchandise sales (GMS) fall 6.8% year-over-year to $3.74 billion, compared with estimates of a 3.2% fall to $3.88 billion -LSEG
Co expects Q1 GMS to fall at around Q4 decline levels of 6.8%
Q4 revenue of $852.2 mln misses analysts' estimates of $862.8 mln
In 2024, stock fell 34.7%
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