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Why Etsy, Inc. Stock Jumped on Friday

TheMotleyFool

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Why Etsy, Inc. Stock Jumped on FridayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D

Shares of online marketplace Etsy (NASDAQ: ETSY) increased as much as 17.7% on Friday following the company's better-than-expected second-quarter financial results after market close on Thursday. The stock is up 11.3% at 2:21 p.m. EDT.

For its second quarter, Etsy reported revenue and earnings per share of $101.7 million and $0.10, respectively. These results both came in ahead of analysts expectations. Analysts' consensus estimates for Etsy's second-quarter revenue and earnings per share (EPS) were $101.2 million and a loss of $0.03, respectively.

Image source: Getty Images.

Source: Fool.com