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. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
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.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
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