Shares of Etsy (NASDAQ: ETSY), the online arts-and-crafts fair stock, raced ahead 6.8% through 1:15 p.m. ET Wednesday after reporting better-than-expected Q2 sales this morning -- but worse than expected earnings.
Heading into the report, analysts forecast Etsy to earn $0.49 per share on $647.6 million in sales. Sales exceeded expectations at $672.7 million, but earnings were only $0.25.
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Source Fool.com