Etsy Shares Drop After Strong Q2 Results but Restructuring Raises Investor Concerns
Etsy reported second-quarter adjusted EPS of $0.98 and revenue of $668.3 million, both ahead of consensus, but the stock fell intraday as investors focused on a restructuring that will cut about 220 roles and trigger roughly $35 million in third-quarter charges. Analyst responses were mixed and the broader market offered little support, leaving com…