** 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;))
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.