NEW YORK (TheStreet) -- Etsy  (ETSY)  reported better-than-expected revenue for the 2016 third quarter after today's market close. 

Etsy also announced that its CFO Kristina Salen is stepping down from her role at the end of March. 

For the quarter, the company posted revenue of $87.6 million, beating Wall Street's expected $86.8 million. 

Etsy reported an in-line net loss of 2 cents per diluted share. 

Additionally, the company now expects to see revenue growth of at least 30% in 2016. For 2016 to 2018, Etsy projects revenue to increase between 20% and 25%. 

Shares of Etsy were fluctuating in after-hours trading on Tuesday. 

About 3.02 million shares of Etsy were traded today, above the company's average trading volume of roughly 1.66 million shares a day.

Separately, 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. 

The team rates Etsy as a Hold with a ratings score of C-. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, the team finds that the growth in the company's net income has been quite unimpressive.

You can view the full analysis from the report here: ETSY

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