Etsy: 2Q Earnings Snapshot
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.