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Yahoo Finance's Ines Ferre joined Yahoo Finance Live to break down Etsy's latest earnings report.
ADAM SHAPIRO: Etsy earnings out. And they are falling big time in the after market. What's going on here? Let's bring in Ines Ferre. She's looking at those earnings for us.
INES FERRE: That's right, Adam. Etsy, right now, down about 11% in after hours. Its revenue for the second quarter came in above what the Street had been expecting. Earnings per share coming in at $0.68. That's a penny shy of what the Street was expecting.
But it's also a slowdown year over year. Last year, the same quarter, $0.75 per share. Etsy is seeing its third quarter revenue coming in at anywhere between $500 million and $525 million. That's shy of what the Street is expecting. And it also is not issuing guidance for the full year for 2021.
So very important here what's happening with e-commerce, this sort of slowdown that we've been seeing. Amazon, last week, announcing a slowdown. And you saw, last week, Etsy shares were down because of Amazon, because of this fear that we are slowing down when it comes to online sales as economies reopen. Adam, Seana?
ADAM SHAPIRO: Ines, thank--