Shares of e-commerce site Etsy, Inc. (ETSY) are slipping Thursday morning after reporting mixed fourth-quarter results — boasting $842.3 million in revenue while earnings fell short of estimates with adjusted gains of $0.62 per share.
"Etsy is one of those platforms that... the stock has always commanded a higher multiple. So if you want to command a higher multiple, you have to give better-than-expected results," Citizens JMP Equity Research Analyst Nick Jones tells Yahoo Finance.
Jones also comments on Etsy's strategy to integrate AI models and its competition with Pinduoduo's (PDD) Temu.
#youtube #stockmarket #Etsy
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"Etsy is one of those platforms that... the stock has always commanded a higher multiple. So if you want to command a higher multiple, you have to give better-than-expected results," Citizens JMP Equity Research Analyst Nick Jones tells Yahoo Finance.
Jones also comments on Etsy's strategy to integrate AI models and its competition with Pinduoduo's (PDD) Temu.
#youtube #stockmarket #Etsy
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- Catégories
- E commerce Divers
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- Yahoo Finance, Personal Finance, Money
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