Etsy: 3Q Earnings Snapshot

October 30, 2019 GMT

BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Wednesday reported third-quarter profit of $14.8 million.

On a per-share basis, the Brooklyn, New York-based company said it had net income of 12 cents.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share.

The online crafts marketplace posted revenue of $197.9 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $194.6 million.

Etsy expects full-year revenue in the range of $809 million to $815 million.

Etsy shares have climbed 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $52.80, a climb of 28% in the last 12 months.


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