Etsy Inc. Earnings: Growth Accelerates
After surprising investors in its second quarter with an acceleration in revenue growth and $11.7 million of net income compared to a loss of $7.3 million in the year-ago quarter, investors were looking for online marketplace Etsy (NASDAQ: ETSY) to continue this momentum in its third quarter.
Fortunately, Etsy's third-quarter results highlighted continued execution on the company's strategic initiatives, leading to accelerated growth in both revenue and gross merchandise sales (GMS). In addition, Etsy kept up its recent return to profitability, reporting an even stronger profit in its third quarter than in Q2.
Image source: Etsy.
Source: Fool.com
