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Etsy: 4Q Earnings Snapshot

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BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Thursday reported fourth-quarter profit of $148.5 million.

On a per-share basis, the Brooklyn, New York-based company said it had net income of $1.08.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The online crafts marketplace posted revenue of $617.4 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $524.9 million.

For the year, the company reported profit of $349.2 million, or $2.69 per share. Revenue was reported as $1.73 billion.

For the current quarter ending in April, Etsy said it expects revenue in the range of $513 million to $536 million.

Etsy shares have climbed 11% since the beginning of the year. The stock has nearly quadrupled 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