Etsy Inc., (NASDAQ: ETSY)
Etsy Inc, the Brooklyn New York based e-commerce super selling website reported their fiscal 4th quarter earnings after the market closed on Tuesday February 27th, 2018. The company was established in 2005 and went public in 2015.
The Numbers
The company reported revenues of 136.3 million dollars which equals a per-share revenue of $0.36 per share. Analyst.
This is a huge beat. Immediately after the earnings Figures were announced, shares rocketed higher and wound up closing at $24.16 which was up 14.88% in the after-hours trading session.
Many investors and traders eyes will be on this stock on Wednesday morning when shares open for trading as Etsy will be breaking some key resistance levels to the upside.
Company Comments
Josh Silverman, Etsy, Inc. CEO had this to say to investors,
“Etsy had a good fourth quarter and helped our sellers achieve a meaningful acceleration in sales growth during an important holiday season. We created a more engaging experience for our buyers, and delivered our first-ever billion dollar quarter of GMS, reflecting strong growth across all of our core markets. We believe we’re well positioned heading into 2018 and we’re looking forward to a great year.”
Rachel Glaser, Chief Financial Officer added,
“With accelerating top-line growth and expanding Adjusted EBITDA margin, we are entering 2018 with positive momentum. We are well-positioned for a strong 2018 and our revenue and Adjusted EBITDA guidance demonstrate that we believe we can sustain and build upon our 2017 progress.”
ETSY Charts
The above price chart shows Etsy going back about 6 months. It is easy to see the green uptrend line which share price has respected, as well as the red dotted resistance line which chairs also respected on a few occasions.
It is clear though now that the earnings have come out, that shares will be breaching that overhead red resistance line on the upside and opening in the green oval area.
The above price chart shows the regular trading session on the left and the after- hour session on the right in the shaded area. It is clear to see that when the earnings announcement came, shares bolted higher and then spent the rest of the after hours session trading sideways.
Company Profile
Etsy, Inc. operates as a commerce platform to make, sell, and buy goods online and offline worldwide. Its platform includes its markets, services, and technology, which enables to engage a community of sellers and buyers. The company offers approximately 45 million items across approximately 50 retail categories to buyers.
It also provides various seller services, including direct checkouts, promoted listings, and shipping labels, as well as Pattern by Etsy to create custom Websites; and seller tool and education resources to start, manage, and scale businesses to entrepreneurs primarily through Etsy.com.
In addition, the company operates A Little Market, a handmade and supplies market for sellers and buyers. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York.-YahooFinance
