Earnings

Etsy stock surges on earnings beat and strong guidance

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An employee walks past a quilt displaying Etsy signage at the company’s headquarters in Brooklyn, New York.

Victor J. Blue | Bloomberg | Getty Images

Etsy reported better-than-expected fourth-quarter results after the bell on Thursday, including soaring profits and 129% revenue growth.

The stock rose more than 8% in extended trading following the report.

Here’s how the company did:

  • Earnings: $1.08 per share vs. 59 cents per share expected, according to analysts surveyed by Refinitiv
  • Revenue: $617.4 million vs. $516 million expected, according to analysts surveyed by Refinitiv

The e-commerce company said it expects revenue in the current quarter to be between $513 million and $536 million, way…



Source cnbc.com

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