Handmade goods electricity supplier Etsy losses in the first quarter surge shares plunged 18%

sina science and technology news Beijing time on May 20th morning news, due to the latest quarterly weakness, the U.S. manual trading market Etsy shares plunged 18% on Tuesday.

Etsy a quarter loss of $36 million 600 thousand, compared with the same period last year, a loss of $500 thousand increased by 6 times. Etsy said the loss was due to the expansion of the company’s restructuring related taxes.

Etsy quarter revenue growth of 44%, reaching $58 million 500 thousand, slightly lower than the $59 million Wall Street expected.

this is the first quarterly report released since April 16th this year, Etsy. On the first day of trading, the company’s share price doubled to $31, reaching $16. After the earnings release, Etsy shares fell in after hours trading to $17 or so. The stock in the day’s regular trading closed at $21. (Yu

book)

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