Etsy reported fourth-quarter results late Wednesday that beat estimates on revenue but missed on earnings. Still, Etsy stock jumped.
The company reported adjusted earnings of 77 cents a share on revenue of $807.2 million. Analysts expected Etsy to report adjusted earnings of 80 cents a share on revenue of $755 million.
Etsy stock gained 6.2% to 136.45, during after-hours trading on the stock market today.
The company is a provider of an online e-commerce platform where creators of arts and crafts, vintage items and other unique goods go to sell their products.
The number of active buyers using Etsy edged down 1.3% to 95.1 million. Active sellers dipped 0.7% to 7,470.
"Despite significant macroeconomic headwinds, we maintained the vast majority of our pandemic gains and delivered double digit revenue growth and excellent profitability for the year," said Chief Executive Josh Silverman, in a statement with the Etsy stock earnings release.
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