Etsy Shares Surge On Better-Than-Expected Results

The Wall Street Journal2022-07-28

Online marketplace operator says second-quarter revenue up 11%Etsy’s online marketplace sells everything from masks to home furnishings.Etsy Inc. shares surged in late trading after the online ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Vincent1968
2022-07-28
Vincent1968
Nice
TaiJin
2022-07-28
TaiJin
[Miser]
YauDK
2022-07-28
YauDK
Ye
JesseC
2022-07-28
JesseC
Nice
happymoney
2022-07-28
happymoney
Ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2254362792?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-28 08:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2254362792","market":"us","top_or_hot":-1,"title":"Etsy Shares Surge On Better-Than-Expected Results","media":"The Wall Street Journal","content":"<div>\n<p>Online marketplace operator says second-quarter revenue up 11%Etsy’s online marketplace sells everything from masks to home furnishings.Etsy Inc. shares surged in late trading after the online ...</p>\n\n<a href=\"https://www.wsj.com/articles/etsy-shares-surge-on-better-than-expected-results-11658956004?mod=lead_feature_below_a_pos1\">Source Link</a>\n\n</div>\n","source":"wsj_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Etsy Shares Surge On Better-Than-Expected Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEtsy Shares Surge On Better-Than-Expected Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-28 08:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/etsy-shares-surge-on-better-than-expected-results-11658956004?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Online marketplace operator says second-quarter revenue up 11%Etsy’s online marketplace sells everything from masks to home furnishings.Etsy Inc. shares surged in late trading after the online ...</p>\n\n<a href=\"https://www.wsj.com/articles/etsy-shares-surge-on-better-than-expected-results-11658956004?mod=lead_feature_below_a_pos1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.wsj.com/articles/etsy-shares-surge-on-better-than-expected-results-11658956004?mod=lead_feature_below_a_pos1","article_id":"2254362792","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2254362792","pubTimestamp":1658967076,"sourceInfo":{"source_id":"wsj_highlight","name":"The Wall Street Journal"},"weMediaInfo":null,"summary":"Online marketplace operator says second-quarter revenue up 11%Etsy’s online marketplace sells everyt","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Etsy因业绩好于预期而股价飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Online marketplace operator says second-quarter revenue up 11%Etsy’s online marketplace sells everything from masks to home furnishings.Etsy Inc. shares surged in late trading after the online marketplace operator said second-quarter revenue rose 11%, helped by higher transaction fees, new brands and more ad sales on its platform.The results were better than Wall Street expectations, with revenue close to the high-end of Etsy's lowered forecast from May.Shares of Etsy rose 8.9% in late trading to $103.99. They were down more than 56% this year through Wednesday's close.The higher sales helped blunt rising costs and other macroeconomic headwinds. Consolidated gross merchandise sales, a measure of overall sales on Etsy, fell slightly to $3 billion, as more people return to shopping in stores and inflation erodes consumer spending power.Chief Executive Josh Silverman said that Etsy continues to hold on to most of the gains it registered during the pandemic, when consumers flocked to the site to buy everything from face masks to custom home décor.For the period ended June 30, Etsy recorded a profit of $73.1 million, or 51 cents a share, compared with $98.3 million, or 68 cents a share, a year earlier. Analysts polled by FactSet expected earnings of 32 cents a share.Total revenue hit $585.1 million, beating analysts' expectations of $556 million. In May, Etsy forecast revenue of $540 million to $590 million for the quarter.The company said higher expenses related to employee wages led to the decline in profit. Etsy's total head count increased 70% from a year ago, including workers it gained from last year's acquisitions of Depop, a peer-to-peer e-commerce company, and Brazilian e-commerce company Elo7.The acquisitions helped boost revenues for the quarter, said Chief Financial Officer Rachel Glaser.Operating expenses were also up 17% to $341.2 million for marketing, product development and other general and administrative costs.$(END)$ Dow Jones NewswiresJuly 27, 2022 17:06 ET (21:06 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9903391365,"gmtCreate":1658969059858,"gmtModify":1676536236303,"author":{"id":"3586393315819735","authorId":"3586393315819735","name":"Vincent1968","avatar":"https://community-static.tradeup.com/news/7f106edb1e06baf3c68462c050422f46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586393315819735","authorIdStr":"3586393315819735"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903391365","repostId":2254362792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903307338,"gmtCreate":1658968759024,"gmtModify":1676536236221,"author":{"id":"3585363622677550","authorId":"3585363622677550","name":"TaiJin","avatar":"https://static.tigerbbs.com/24d2d840485600ee9789f516e956a70f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585363622677550","authorIdStr":"3585363622677550"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903307338","repostId":2254362792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903302251,"gmtCreate":1658968543273,"gmtModify":1676536236159,"author":{"id":"3580072870029753","authorId":"3580072870029753","name":"YauDK","avatar":"https://static.tigerbbs.com/4e00c10df4000c04392220903422d15f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580072870029753","authorIdStr":"3580072870029753"},"htmlText":"Ye&nbsp;","listText":"Ye&nbsp;","text":"Ye","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903302251","repostId":2254362792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903303541,"gmtCreate":1658968306983,"gmtModify":1676536236073,"author":{"id":"3570851668487502","authorId":"3570851668487502","name":"JesseC","avatar":"https://community-static.tradeup.com/news/aa75283eff8e6ec8f384f30a9ae50e16","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":4,"crmLevelSwitch":1,"idStr":"3570851668487502","authorIdStr":"3570851668487502"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903303541","repostId":2254362792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903978960,"gmtCreate":1658967721450,"gmtModify":1676536235886,"author":{"id":"3569807126010989","authorId":"3569807126010989","name":"happymoney","avatar":"https://static.tigerbbs.com/c7b835f693b89bd9b980cc013a40c669","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3569807126010989","authorIdStr":"3569807126010989"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903978960","repostId":2254362792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":90,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2254362792"}