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Etsy reports 4Q loss

BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Tuesday reported a loss of $21.4 million in its fourth quarter.

On a per-share basis, the Brooklyn, New York-based company said it had a loss of 19 cents. Earnings, adjusted for non-recurring costs, were 3 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The online crafts marketplace posted revenue of $110.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $106.9 million.

For the year, the company reported that its loss narrowed to $29.9 million, or 26 cents per share. Revenue was reported as $365 million.

Etsy shares have climbed roughly 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.12, a climb of 53 percent 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


Keywords: Etsy, Earnings Report