Etsy jumps after beating on earnings and revenue

Etsy jumped 10 percent in extended trading Monday after reporting fourth-quarter earnings that beat expectations.

div > div.group > p:first-child"> The company reported fourth quarter earnings of $0.32 per share on revenues of $200 million. Analysts had expected EPS of $0.21 on revenues of $194.9 million. "By making Etsy a great destination for holiday shopping, we delivered strong fourth-quarter results to end an excellent year," CEO Josh Silverman said in a statement."We kept our focus on improving search and discovery, building trust in the marketplace, expanding our marketing channels, and investing in services that fuel our sellers' success."

Revenue for the fourth quarter grew 46.8 percent from the year-ago period, bolstered by surging marketplace revenue. Services revenue, though growing at a slower rate, still posted a 42 percent year-over-year gain. The number of active sellers at the end of the quarter was up almost 10 percent from the end of 2017, and the number of active buyers was up almost 20 percent.

Etsy has a brilliant business model. You pay them to post your product to sell on their platform, then they charge you to advertise on their platform; they know your income, and take all your profits in advertising; you work for them.

Business always use to work on new ideas. New ideas begets new businesses. For business the first need is idea and capital is the secondary. If a person is going to start a business without a full planned idea, what will happen to his money it is easy for everyone to understand.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Eventbrite stock plummets 20% after earnings miss, revenue beat
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Salesforce stock falls after earnings and revenue beat
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Salesforce shares slide on disappointing earnings and revenue forecastSalesforce beat expectations for its fiscal fourth quarter, but its guidance for the next quarter was below what analysts were anticipating. Real shocking. Maybe less social engineering and more salesforcing. Sales force was a great product three years ago, but their lack of development in the auto business had us move on and cancel last month and change providers.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Kroger shares plunge after earnings, revenue missKroger reported earnings before the bell Thursday. If you have been to one you would know why. Low quality staff and unattractive stores. I went to their seafood department to a store in GA and asked for recommendation of shrimp. Attendant told me “I don’t know I don’t eat seafood.” 😳😳😳 🤦‍♂️ never been back sense! ❤️
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Target earnings, revenue top expectationsTarget saw a surge of shoppers head to its stores and website during the 2018 holiday season, a sign that its investments in store remodels and delivery services are paying off. Not sure why, but after having a child, we shop at Target way more. Never did before.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

GNC shares jump premarket as news of new venture offsets earnings miss
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Target's stock surges after earnings and sales beat expectations, amid traffic and digital strength
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Ambarella stock rises after earnings beat
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Abercrombie shares soar 17% after earnings beatShares of Abercrombie & Fitch soared more than 17 percent after the teen retailer reported strong earnings and same-store sales for its fiscal-fourth quarter. Wow! They turned themselves around!
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »