Shares of Etsy (NASDAQ: ETSY) fell 9.7% on Thursday, following the release of the online marketplace's second-quarter results.
A 13% rise in gross merchandise sales -- essentially the dollar value of items sold on Etsy's platform -- helped to drive a 23.4% year-over-year increase in revenue, to $528.9 million. That was above the $524.7 million in revenue Wall Street had expected.
Investors sold off shares of Etsy on Thursday. Image source: Getty Images.
Source Fool.com