Etsy shares climbed in premarket trading Wednesday after the company reported first-quarter revenue of $651.2 million, surpassing the $643 million forecast, according to CNBC. Adjusted earnings per share came in at $1.03, more than double the expected 49 cents. CEO Josh Silverman said the company is “vastly less” reliant on Chinese products, softening the impact of Trump’s 145% tariffs. Etsy CFO Lanny Baker said the company is remaining flexible amid tariff uncertainty and shifting consumer confidence in key markets.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Etsy shares climbed to pre-market trading Wednesday after the company reported first
00:06quarter revenue of $651.2 million, surpassing the $643 million forecast net according to CNBC.
00:13Just as earnings per share came in at $1.03, more than double the expected $0.49.
00:18CEO Josh Soberman said the company is vastly less reliant on Chinese products,
00:22softening the impact of Trump's 145% tariffs.
00:25Etsy CFO Lanny Baker said the company is remaining flexible amid tariff uncertainty
00:29and shifting consumer confidence in key markets.
00:31For all things money, visit Benzinga.com slash GSTV.