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Etsy: 2Q Earnings Snapshot

BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Thursday reported second-quarter net income of $18.2 million.

The Brooklyn, New York-based company said it had profit of 14 cents per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share.

The online crafts marketplace posted revenue of $181.1 million in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $182.6 million.

Etsy shares have climbed 43% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $68.14, a climb of 65% 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