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Etsy's Q2 Crushes Estimates

TheMotleyFool

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Analyst price-target raises for Etsy (NASDAQ: ETSY) were coming thick and fast on Thursday. This followed the hobby-pinning company's release of its second-quarter results on Wednesday after market close.

For the quarter, revenue rose a white-hot 137% on a year-over-year basis to $428.7 million, on gross merchandise sales (GMS) that improved 146% to $2.69 billion. Net profit rose even more steeply, improving more than fivefold to $96.4 million, or $0.75 per share.

Etsy's offices in Hudson. New York. Image source: Etsy.

Source Fool.com

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