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Etsy Beats Revenue Estimates, Raises Guidance

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Etsy Inc (NASDAQ: ETSY) released its Q2 results after market close on Tuesday. Revenues came in above Wall Street consensus expectations, sending shares higher.

Etsy reported EPS of $(0.07) and revenues of $85.3 million. Analyst consensus had an EPS estimate of $(0.01) and revenues of $80.55 million.

The company raised guidance for FY16 revenue growth to 25-28 percent, up from 20-25 percent prior guidance. Adjusted EBITDA margin was 13-14 percent from former guidance of "high teens."


"During the second quarter, we expanded our global community to include approximately 1.7 million active sellers and 26.1 million active buyers," said Chad Dickerson, Etsy CEO and Chair. "We accelerated our GMS growth and provided high impact services to help our creative entrepreneurs start, grow and manage their businesses. This continued focus and discipline led to growth across all of our key metrics and, as a result, we are raising our financial outlook for 2016" stated Dickerson.

At time of writing, Etsy traded at $13.40 in Tuesday's after-hours session, up 5.4 percent.

Posted-In: Earnings News Guidance After-Hours Center Movers


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