Etsy, Inc. Reports First Quarter 2015 Financial Results
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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
