Etsy Stock Jumps On Earnings Report Beat| Investor’s Business Daily

Etsy (ETSY) reported fourth-quarter results late Thursday that soundly beat estimates but presented a first-quarter revenue outlook below expectations. Still, Etsy stock jumped.

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The company reported adjusted earnings of $1.11 a share on revenue of $717.1 million. Analysts expected Etsy to report earnings of 79 cents on revenue of $684.5 million. Revenue rose 16% from the year-ago period.

Etsy stock jumped 9.6% to 140.50, during after-hours trading on the stock market today. During regular-hours trading, Etsy climbed 10%.

Etsy expects first-quarter revenue in the range of $565 million to $590 million. The midpoint of $577.5 million is lower than estimates from Etsy stock analysts for $629 million.

The company provides an online e-commerce platform where creators of arts and crafts, vintage items and other unique goods go to sell their products.

Etsy provides an internet platform where artisans and makers of hand-made goods can sell their products.

More to follow.

Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.

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