• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Etsy shares rise 8.5% after beating third-quarter estimates and returning to buyer growth

FinanceInternationalRevista ADVFN30 s readAI summary
Image: Revista ADVFN

Etsy reported third-quarter results above analyst expectations: adjusted earnings per share of $1.00 versus $0.76 expected and revenue of $692.47 million, up 10.9% year over year. Gross merchandise sales grew 8.8% to $2.6 billion and active buyers rose 1% to about 88 million, their first growth in two years. Shares gained 8.54% in premarket trading.

In 30 seconds

  • Adjusted earnings per share of $1.00, above the $0.76 expected; revenue of $692.47 million, up 10.9% year over year
  • Gross merchandise sales rose 8.8% to $2.6 billion, the sixth consecutive quarter of sequential improvement
  • Active buyers grew 1% year over year to about 88 million, the first increase in two years
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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