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Etsy Stock Falls 10%+ on Q1 Sales and EPS Misses

Benzinga ·  May 1 16:28

$Etsy Inc (ETSY.US)$ sank more than 10% after hours Wednesday after the online-crafts platform missed Q1 analyst estimates for sales.

Etsy fell 13.3% to $60.49 shortly before 4:30 p.m. ET after the firm reported quarterly sales of $645.954 million, which missed the analyst consensus estimate of $646.33 million.

The company also said GAAP earnings per share totaled $0.48, missing analysts' $0.49 consensus forecast.

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