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May 19, 2015 08:41 pm GMT
Shares of Etsy plunged today after the company reported roughly in-line revenue and a wider-than-expected loss. Etsy, a popular marketplace for handmade goods, reported top line of $58.5 million, ahead of expectations of $58 million. However, the company lost $36.6 million in the quarter, or $0.84 per share. In the year-ago quarter, Etsy had a far-smaller $463,000 loss. Etsy is off over 13… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/I98hoAwrNXc/
Etsy Plunges 13% After Reporting Its First-Quarter Financial Performance
Shares of Etsy plunged today after the company reported roughly in-line revenue and a wider-than-expected loss. Etsy, a popular marketplace for handmade goods, reported top line of $58.5 million, ahead of expectations of $58 million. However, the company lost $36.6 million in the quarter, or $0.84 per share. In the year-ago quarter, Etsy had a far-smaller $463,000 loss. Etsy is off over 13… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/I98hoAwrNXc/
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