Etsy (ETSY) PT Raised to $76 at Morgan Stanley
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Etsy (ETSY) Shares Surge On Better Than Expected Earnings, Revenue
November 3, 2022 3:31 PM EDTEtsy (NASDAQ: ETSY) stock surged Thursday as investors reacted to the company's latest earnings release, which saw it top profit and revenue expectations.
Etsy shares rose more than 15% following the release after the close on Wednesday. It hit a high of over $101 per share on the news.
The e-commerce company reported third-quarter earnings of $0.58, $0.21 better than the analyst estimate of $0.37, with revenue for the period coming in at $594.5 million versus the consensus estimate of $562.56 million. The company's diluted loss per share was... More
