Etsy Inc.'s stock faced heavy selling pressure in the pre-market session on Wednesday, plunging over 9% after the e-commerce company reported a 6.8% year-over-year decline in its consolidated Gross Merchandise Value (GMV) for the fourth quarter of 2024.
The company reported better-than-expected earnings per share of $1.03, beating analysts' estimates of $0.94. However, its revenue of $852.2 million fell short of the estimated $862.818 million, disappointing investors.
The weaker-than-expected GMV and revenue figures overshadowed the earnings beat, resulting in a significant sell-off in Etsy's stock. Investors appeared concerned about the company's ability to sustain growth in its core e-commerce business, as reflected in the declining GMV metric.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。