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Etsy: Q1 Earnings Snapshot

BROOKLYN, N.Y. (AP) — BROOKLYN, N.Y. (AP) — Etsy Inc. (ETSY) on Wednesday reported first-quarter earnings of $69.7 million.

On a per-share basis, the Brooklyn, New York-based company said it had profit of 60 cents. Earnings, adjusted to account for discontinued operations, came to 89 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The online crafts marketplace posted revenue of $631.3 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $616.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETSY at https://www.zacks.com/ap/ETSY

Russian drone strikes Ukraine security service headquarters as US talks on the war are expected

KYIV, Ukraine (AP) — A Russian drone struck the headquarters of Ukraine’s security service in central Kyiv, President Volodymyr Zelenskyy said Friday, ahead of diplomatic talks with U.S. officials on ending the war. The air war between Russia and Ukraine has intensified as the conflict stretches toward five years since Moscow’s invasion of its neighbor. Russia recently has been using fast-flying, jet-powered drones, and the recurring wail of air-raid sirens has become part of daily life in Kyiv. Zelenskyy wrote on Telegram that acting security chief Oleksandr Poklad had briefed him on a response to Russia’s attacks, including possible targets. The security service headquarters, near the historic St. Sophia Cathedral and international hotels, is among the agencies carrying out deep strike operations inside Russian territory. Twelve people were wounded in the attack, local authorities said.
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