Etsy, Inc. Reports Second Quarter 2020 Financial Results
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August 6, 2020 10:31 AM EDT
Did you buy a mask on Etsy (NASDAQ: ETSY) over the past few months? You are not alone. The marketplace said they sold $346 million work of masks in the second quarter, with over 110,000 sellers selling at least one mask.
CEO Joshua... More
August 6, 2020 6:57 AM EDT
Needham & Company analyst Rick Patel raised the price target on Etsy (NASDAQ: ETSY) to $150.00 (from $130.00) while maintaining a Buy rating.
The analyst commented, "Etsys outsized growth in 2Q and its 3QTD momentum give us confidence that it remains well-positioned to... More
August 5, 2020 4:08 PM EDT
Etsy (NASDAQ: ETSY) reported Q2 EPS of $0.75, $0.36 better than the analyst estimate of $0.39. Revenue for the quarter rose 137% $428.74 million versus the consensus estimate of $329.95 million.
"Our extremely strong second quarter results, with consolidated GMS and revenue up 146% and 137% respectively, are a testament to the agility of our team, the strength of our brand, the innovation of our sellers,... More
