's (NASDAQ: ETSY) latest financial report (for the second quarter of 2023, ended June 30) was better than expected. Revenue totaled $629 million, with diluted earnings per share of $0.45. 

However, this didn't prevent the stock, which is down 16% from the date of that earnings announcement, from sliding. Zooming out, shares are down 33% in 2023 (as of Aug. 8), a stark contrast from the 32% gain of the Nasdaq Composite index. 

Let's take a closer look at one green flag with this e-commerce company's latest earnings report, as well as one red flag that investors should be aware of. 

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Source Fool.com