Etsy Rises After Beating Estimates and Providing Forecasts
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Etsy Inc., the online marketplace for unique and small-batch goods, jumped after reporting revenue that beat analysts’ average estimate.
Fourth-quarter sales -- boosted by a strong holiday season -- increased 35 percent to $87.9 million, beating the average analyst estimate of $86.7 million, according to data compiled by Bloomberg. Etsy also provided annual forecasts through 2018, reversing Chief Executive Officer Chad Dickerson’s original decision to not do so.