Etsy jumps after beating on earnings and revenue

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Etsy jumped as much as 10 percent after reporting fourth-quarter earnings Monday that beat expectations.

The company reported fourth quarter earnings of $0.32 per share on revenues of $200.0 million. Analysts had expected EPS of $0.21 on revenues of $194.9 million.

“By making Etsy a great destination for holiday shopping, we delivered strong fourth-quarter results to end an excellent year,” CEO Josh Silverman said in a statement. “We kept our focus on improving search and discovery, building trust in the marketplace, expanding our marketing channels, and investing in services that fuel our sellers’ success.”

This story is developing. Please check back for updates.

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