An past version of this document incorrectly said Etsy overlooked earnings expectations. It has been corrected.
Shares of Etsy Inc. ETSY, -zero.23% swung inside and out of the pink late Tuesday after the net marketplace company pronounced earnings above Wall side road expectations and stated its chief financial officer will go away next 12 months. Etsy said it misplaced $ 2.four million, or 2 cents a share, within the third quarter, when put next with $ 6.9 million, or 6 cents a share, within the yr-ago length. Adjusted for one-time items, Etsy earned $ 13 million in the quarter. revenue reached $ 87.6 million in the quarter, up from $ 65.7 million a year in the past. Analysts polled via FactSet had anticipated a GAAP lack of 2 cents a share and flat adjusted per-share revenue on gross sales of $ 86.8 million. In the identical observation, Etsy stated CFO Kristina Salen has made up our minds to depart the corporate in March. the corporate will launch a search for its subsequent CFO instantly, it mentioned. Shares of Etsy had ended the regular buying and selling day down zero.2% and had been most not too long ago up 0.four%.
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