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Why Etsy, Inc. Stock Jumped on Friday

TheMotleyFool

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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.

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Source: Fool.com