Etsy Inc stock was up on Wednesday following its Q1 earnings report.
ETSY stock was helped by the company’s earnings per share of one penny for the first quarter of 2016. This is better than the losses per share of 84 cents it reported during the same time last year. It also beat the analysts’ estimate, which had losses at two cents per share.
Etsy reported revenue of $81.8 million during Q1 2016. This was up from its revenue of $58.5 million in the first quarter of 2015. Wall Street was expecting the company to report revenue of $75.1 million during the quarter.
Etsy reiterated its outlook for the next three years, which has revenue growth coming in near the high end of its 20% to 25% range.
ETSY stock was up 2% as of Wednesday afternoon.
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