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

  • 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
Josh Silverman, CEO of Etsy

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.