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BROOKLYN, N.Y. (AP) — BROOKLYN, N.Y. (AP) — Etsy Inc. (ETSY) on Wednesday reported fourth-quarter profit of $83.3 million.
On a per-share basis, the Brooklyn, New York-based company said it had profit of 62 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were 78 cents per share.
The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 78 cents per share.
The online crafts marketplace posted revenue of $842.3 million in the period, beating Street forecasts. Twelve analysts surveyed by Zacks expected $827.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETSY at https://www.zacks.com/ap/ETSY