What Etsy Tells Jim Cramer About Stock Market Thursday
Etsy (ETSY) - Get Report posted a profit of $143.77 million, or $1 per share, in the first quarter, up from $12.52 million, or 10 cents, in the year-earlier, pandemic-affected quarter. The FactSet analyst consensus called for a loss of 34 cents in the latest quarter.
“Last year the world took notice of Etsy’s highly differentiated value proposition, and that incredible momentum has continued into the first quarter of 2021,” said Josh Silverman, Etsy CEO. “We moved the needle by growing our team to deliver an exciting product roadmap aligned with our Right to Win strategy, and are executing a dynamic marketing strategy focused on driving frequency and keeping our buyers engaged. In a time when human connection is so vital, Etsy provides a one-of-a-kind community where sellers are empowered to grow their businesses, reaching buyers who value finding items that express their unique identity, while putting their money where their heart is.”
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