NEW YORK (TheStreet) -- Shares of Etsy(ETSY) - Get Report were gaining 5.74% to $13.44 in after-hours trading on Tuesday after the company reported revenue that topped analysts' expectations for the 2016 second quarter.
After today's market close, the Brooklyn, NY-based e-commerce platform reported revenue of $85.3 million, above analysts' estimates of $80.6 million.
Etsy posted a loss of 6 cents per share, while analysts had projected a loss of a penny per share.
"During the second quarter, we expanded our global community to include approximately 1.7 million active sellers and 26.1 million active buyers," CEO Chad Dickerson said in a statement.
The company expects revenue growth of 25% to 28% for 2016.
About 7.2 million of Etsy's shares changed hands today vs. its average volume of 1.82 million shares per day.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.
This is driven by multiple weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.
Among the areas that are negative, one of the most important has been weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: ETSY