BROOKLYN, N.Y. (AP) 鈥� BROOKLYN, N.Y. (AP) 鈥� Etsy Inc. (ETSY) on Wednesday reported a loss of $46.7 million in its second quarter.
On a per-share basis, the Brooklyn, New York-based company said it had a loss of 36 cents. Earnings, adjusted to account for discontinued operations and stock option expense, were $1.34 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The online crafts marketplace posted revenue of $668.3 million in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $649.7 million.
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