Etsy, Inc. Reports First Quarter 2015 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Buy Etsy (ETSY) on Pullback, Brean Capital Says
May 20, 2015 7:50 AM EDTBrean Capital analyst Tom Forte reiterated a Buy rating and $23 price target on Etsy (NASDAQ: ETSY) following the 16.6% sell-off in the stock following the company's first quarterly report as a public company. White operating performance was not great in hte qarter, the analyst would use weakness as a buying opportunity.
Forte commented, "Etsy operates a global e-commerce marketplace for unique merchandise (including... More
Etsy (ETSY) Reports Q1 Loss of $0.84/Share
May 19, 2015 4:04 PM EDTEtsy (NASDAQ: ETSY) reported Q1 EPS of ($0.84), versus ($0.01) reported last year. Revenue for the quarter came in at $58.54 million, versus $40.54 million reported last year.
Etsy's net loss increased as a result of non-cash, non-operating expenses related to the updated global corporate structure that we implemented on January 1, 2015. These expenses include a non-cash $10.5 million increase to Etsy's tax provision, which brings Etsy's total tax provision to $10.7 million. These expenses also include a non-cash currency exchange loss of $20.9 million largely due to intercompany debt... More
