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Etsy: 4Q Earnings Snapshot

BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Wednesday reported fourth-quarter profit of $31.3 million.

On a per-share basis, the Brooklyn, New York-based company said it had profit of 25 cents.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The online crafts marketplace posted revenue of $270 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $264.9 million.

For the year, the company reported profit of $95.9 million, or 76 cents per share. Revenue was reported as $818.4 million.

Etsy expects full-year revenue in the range of $1.04 billion to $1.06 billion.

Etsy shares have climbed 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $50.70, a drop of 26% 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