Etsy: Q2 Earnings Snapshot

BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Wednesday reported second-quarter profit of $73.1 million.

On a per-share basis, the Brooklyn, New York-based company said it had profit of 51 cents.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The online crafts marketplace posted revenue of $585.1 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $561.5 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETSY at https://www.zacks.com/ap/ETSY