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Tuesday, February 27, 2018

-=Etsy (ETSY) reported earnings on Tue 27 Feb 2018 (a/h)

Crafts marketplace Etsy (ETSY), this afternoon reported Q4 revenue and profit that topped analysts’ expectations, and forecast this year’s revenue comfortably ahead of consensus, sending its shares surging in late trading.

CEO Josh Silverman called it a “good” quarter, and noted the company booked its first quarter ever where its total merchandise sales were a billion dollars. He said the company was “well positioned,” and expecting a “great year.”

Revenue in the three months ended in December rose to $136.3 million, yielding EPS of 36 cents.

Analysts had been modeling $132.5 million and 13 cents per share.

For this year, the company is modeling revenue to rise by 21% to 23%, or $533.6 million to $542million, topping consensus for $519 million.

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