Etsy Stock Dives as Retailer Warns of 'Challenging Environment' for Consumer Spending
Etsy(ETSY) Investopedia·2024-05-03 00:55
Key TakeawaysShares of e-commerce company Etsy fell sharply Thursday after the company released disappointing quarterly earnings after the bell Wednesday.Etsy's financial performance was in line with analysts' estimates, but total sales on the platform decreased year-over-year.CEO Josh Silverman said Etsy is operating in a "challenging environment" as consumers opt for the least expensive option for many products. Shares of Etsy, Inc. (ETSY) plummeted in Thursday morning trading after the e-commerce retaile ...