Categories Earnings, Retail

Etsy (NASDAQ: ETSY): Q3 2019 Earnings Snapshot

— Etsy (NASDAQ: ETSY) reported its third-quarter 2019 earnings of $0.12 per share. This came in line with the analysts’ expectations of $0.12 per share.

— Total revenues jumped by 32% to $197.95 million versus $193.53 million expected. This is driven by growth in both Marketplace and Services revenue. Gross merchandise sales increased by 30% to $1.2 billion.

Earnings Update by AlphaStreet

— Active buyers grew 21% year-over-year in the third quarter, and active sellers grew 27% year-over-year.

— The marketing expense, specifically the investment in the TV campaign, drove operating expenses higher by 36%.

— Looking ahead into the full year 2019, the company lifted its revenue outlook to the range of $809 million to $815 million from the previous range of $797 million to $809 million.

— Gross merchandise sales are now anticipated to rise 25% to 26% to the range of $4.9 billion to $5 billion for the full year 2019.

— Adjusted EBITDA margin forecast is narrowed to the range of $179 million to $187 million from the earlier range of $177 million to $193 million.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

PepsiCo (PEP) expects snacks business to remain resilient in the near term

PepsiCo Inc. (NASDAQ: PEP) reported first quarter 2021 earnings results on Thursday that topped expectations on both the top and bottom lines. The stock has gained 7% in the past

For Wells Fargo (WFC), Q1 sets the stage for long-term recovery

Emerging from the slowdown caused by coronavirus, the financial services sector entered fiscal 2021 on a bright note, thanks to improving economic activity and the COVID-driven boom in stock trading.

Top 3 Artificial Intelligence stocks you may consider in 2021

Artificial Intelligence has become an integral part of the US economy. According to the analyst’s insights, AI market revenue in 2020 was $25.9 billion. The AI market in the North

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top