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Etsy shares plunge 12% on weak guidance
  + stars: | 2023-08-03 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +3 min
Etsy shares slid more than 12% on Thursday afternoon, a day after the company reported better-than-expected second-quarter results but gave weak guidance for third-quarter revenue and gross merchandise sales, or GMS. Here's how the company did:Earnings : 45 cents per share, adjusted, vs. 43 cents per share, as expected by analysts, according to Refinitiv. : 45 cents per share, adjusted, vs. 43 cents per share, as expected by analysts, according to Refinitiv. Revenue: $629 million vs. $619 million as expected by analysts, according to Refinitiv. At the midpoint, it fell short of the $3.04 billion expected by a survey of Refinitiv analysts.
Persons: Etsy, Rachel Glaser, Josh Silverman, Silverman Organizations: Refinitiv, GMS, Services Locations: Refinitiv, Etsy, Silicon
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