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Etsy Stock Down as Much as 18 Percent After Loss

Etsy delivered quarterly results on Tuesday that missed expectations. In its first report since going public, the e-commerce company announced a loss of 84 cents per share on revenue of $59 million.

The loss per share was not immediately comparable to analysts’ estimates for earnings of three cents per share. Wall Street had expected the company to report $59 million in revenue, according to a consensus estimate from Thomson Reuters.

The company’s shares were down more than 18 percent in extended-hours trading.

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This article originally appeared on Recode.net.

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