Etsy shares soar 13% on jump in revenue, earnings

Etsy Inc. shares were up 13% in after-hours trading Wednesday after the online marketplace reported fourth-quarter earnings that beat Wall Street estimates. Etsy reported net income of $31.3 million, or 25 cents a share, in the quarter, compared with net income of $41.3 million, or 32 cents a share, in the year-ago fourth quarter. Revenue improved 35% to $270 million from $200 million a year ago. Analysts surveyed by FactSet had expected earnings of 16 cents a share on sales of $264.9 million. Etsy shares are down 29.3% over the last 12 months. The broader S&P 500 index has gained 11.6% in the last year.

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