BUZZ-Etsy falls on holiday-quarter sales miss

Reuters

02-19

BUZZ-Etsy falls on holiday-quarter sales miss

** Shares of online marketplace Etsy ETSY.O down 7% at $52.76 premarket

** Co misses Q4 estimates for revenue and gross merchandise sales on softer sales on its two-way marketplace

** Gross merchandise sales $(GMS)$ fall 6.8% year-over-year to $3.74 billion, compared with estimates of a 3.2% fall to $3.88 billion -LSEG

** Co expects Q1 GMS to fall at around Q4 decline levels of 6.8%

** Q4 revenue of $852.2 mln misses analysts' estimates of $862.8 mln

** In 2024, stock fell 34.7%

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))

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