Etsy shares pop on revenue beat as company says it's 'staying nimble' to tariff uncertainty

Etsy shares jumped in premarket trading on Wednesday after the company posted better-than-expected revenue for the first quarter. Here's how the company did: Revenue: $651.2 million vs. $643 million, according to LSEG $651.2 million vs. $643 million, according to LSEG Loss: Loss per share of 49 cents The e-commerce company reported a net loss of $52.1 million, or 49 cents per share, due to Etsy taking a $101.7 million impairment charge from the sale of Reverb. Etsy said earlier this month it will sell off the musical instrument marketplace it acquired in 2019 to focus on its core marketplace and Depop, the secondhand marketplace it bought in 2021. Etsy operates an online marketplace that connects buyers and sellers with mostly handcrafted goods. Like many other retailers, the company is digesting the impact of President Donald Trump's sweeping tariffs, though CEO Josh Silverman said in February that the company is "vastly less" dependent on products from China, which was hit by ag ... Read full article.