Etsy shares soar more than 24% after raising full-year revenue guidance

Key Points
  • Etsy stock soared more than 24.8 percent Wednesday as the company raised its annual revenue forecast and beat on quarterly earnings Tuesday.
  • The company now expects its full-year revenue to be between $596 million and $600 million.
  • For the quarter, the company reported $150 million in revenue and earnings of 15 cents a share.
Josh Silverman, CEO of Etsy
Laura Galligan | CNBC

Etsy stock soared more than 24.8 percent Wednesday as the company raised its annual revenue forecast and beat on quarterly earnings Tuesday.

The company now expects its full-year revenue to be between $596 million and $600 million, up from its previous guidance of $587 million to $596 million. It also announced a $200 million stock buyback.

For the quarter, the company reported $150 million in revenue and earnings of 15 cents a share.

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Etsy surges on strong 2018 revenue guidance