Etsy Inc (ETSY) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.03. The company posted revenue of $81.80 million in the period, compared to analysts expectations of $75.63 million. The company’s revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.84 EPS.
Many Wall Street Analysts have commented on Etsy Inc. RBC Capital Mkts Initiated Etsy Inc on Mar 11, 2016 to “Sector Perform”, Price Target of the shares are set at $10.
Etsy Inc closed down -0.27 points or -3.08% at $8.51 with 17,01,883 shares getting traded on Monday. Post opening the session at $8.76, the shares hit an intraday low of $8.48 and an intraday high of $8.9297 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 2, 2016, Frederick R Wilson (director) sold 208,198 shares at $8.26 per share price. According to the SEC, on Jan 21, 2016, James Breyer (director) sold 474,193 shares at $6.76 per share price.
Etsy Inc. operates a marketplace where people connect both online and offline to make sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce employment consumption and manufacturing. Its sellers offer goods in online retail categories including jewelry stationery clothing home goods craft supplies and vintage items. The Company supports a range of artists makers designers and collectors. The Company’s community is made up of entrepreneurs who sell on its platform consumers looking to buy goods in its marketplace manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers which include promoted listings direct checkout and shipping labels. It also provides a range of tools for its buyers including communication search and discovery and mobile.