Etsy stock rallies on earnings beat [MarketWatch]
Etsy, Inc. (ETSY)
Last etsy, inc. earnings: 2/26 04:05 pm
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Source: MarketWatch
Etsy stock rallies on earnings beat Etsy Inc. ETSY, -4.04% shares rallied in the extended session Tuesday after the online crafts site topped Wall Street estimates and raised its outlook. Etsy shares surged 11% after hours, following a 4% decline to close at $40.43 in the regular session. The company reported third-quarter net income of $19.9 million, or 15 cents a share, compared with $25.8 million, or 21 cents a share, in the year-ago period. Revenue rose to $150.4 million from $106.4 million in the year-ago period. Analysts surveyed by FactSet had forecast earnings of 7 cents a share on revenue of $149.9 million. For the year, Etsy said it expects revenue of $596 million to $600 million, while analysts expect $595.4 million. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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ETSY
News
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Wedbush from $80.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
- Why Etsy (ETSY) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Handmade Jewelry Market to Reach $472.5 Billion Globally by 2032 at 11.9% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Etsy: Competition Concerns Already Priced In [Seeking Alpha]Seeking Alpha
- Etsy, Inc. (NASDAQ: ETSY) had its "underweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $55.00 price target on the stock, down previously from $65.00.MarketBeat
ETSY
Earnings
- 2/21/24 - Miss
ETSY
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- ETSY's page on the SEC website