Etsy: Q1 Earnings Snapshot

May 4, 2022 GMT

BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Wednesday reported first-quarter profit of $86.1 million.

The Brooklyn, New York-based company said it had profit of 60 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The online crafts marketplace posted revenue of $579.3 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $576.1 million.

For the current quarter ending in July, Etsy said it expects revenue in the range of $540 million to $590 million.

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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