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Etsy: 2Q Earnings Snapshot

August 6, 2018

BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Monday reported second-quarter earnings of $3.4 million.

The Brooklyn, New York-based company said it had net income of 3 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The online crafts marketplace posted revenue of $132.4 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $126.5 million.

Etsy expects full-year revenue in the range of $587 million to $596 million.

Etsy shares have more than doubled since the beginning of the year. In the final minutes of trading on Monday, shares hit $42.43, nearly tripling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETSY at https://www.zacks.com/ap/ETSY

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