Investing.com – Etsy Inc (NASDAQ: ) released first-quarter earnings on Wednesday that missed analysts’ expectations. The income indicator did not live up to forecasts.
The company reported earnings per share of $0.48 on revenue of $645.95M. Analysts surveyed by Investing.com had forecast earnings per share of $0.49 and total revenue of $646.21M.
Etsy Inc shares fell 14.68% to trade at $59.50 in the after-market, according to the report.
This year, Etsy Inc’s stock price, with earnings down 13%, has performed worse than the S&P 500 average, up 5% year to date.
Etsy Inc follows the overall trend of companies in the Cyclical sector this month
On Tuesday, Amazon.com reported first quarter earnings of $0.98 on earnings of $143.31B, compared to estimates of earnings per share of $0.84 on total revenue of $142.65B.
Tesla earnings fell short of analysts’ expectations in the April 23 first quarter, with quarterly earnings per share of $0.45 on total earnings of $21.3B. Investing.com analysts previously predicted earnings per share of $0.49 on total earnings of $22.27B $
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