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Etsy: 3Q Earnings Snapshot

·1 min read

BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Wednesday reported third-quarter profit of $91.8 million.

On a per-share basis, the Brooklyn, New York-based company said it had net income of 70 cents.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The online crafts marketplace posted revenue of $451.5 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $418.7 million.

Etsy shares have more than tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $139.64, more than doubling in the last 12 months.

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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