Etsy Crafts Surprise Loss — And Plans To Boost Spending

By | May 19, 2015

Scalper1 News

Recent IPO Etsy (ETSY) fell short of analysts’ topline and bottom line expectations in its first report since going public last month and said it plans to boost spending. The online marketplace for handcrafted and vintage goods lost 12 cents per share in Q1, excluding items, far below Wall Street estimates for a per-share profit of 3 cents. Etsy recorded a $10.5 million increase to its tax provision and a $20.9 million in currency exchange loss Scalper1 News

Scalper1 News