Etsy (ETSY Quick QuoteETSY - Free Report) just released their second quarter fiscal 2016 earnings results, posting earnings of -$0.06 per share and revenue of $85.349 million.

Currently, ETSY has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Etsy:                                                          

Missed earnings estimates. The company posted -$0.06 per share, missing our Zacks Consensus Estimate of $-0.03.

Beat revenue estimates. The company saw revenue figures of $85.349 million, topping our estimate of $83 million.

The company saw 11.5% growth in active sellers year-over-year, and 20.3% year-over-year growth in active buyers.

Etsy now forecasts revenues growth of 25-28%, up from the high end of their 3-year guidance, which had a range between 20% and 25%.

ETSY was up $0.68, or 5.35%, to $13.39 as of 4:36 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at Etsy’s share price performance over the last year.

ETSY INC Price and Consensus

ETSY INC Price and Consensus | ETSY INC Quote

Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company's product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York.

Check back later for our full analysis on Etsy’s second quarter earnings report!

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