Shares of Etsy Inc. ETSY, -0.42% dipped 1% in extended trading Wednesday after the e-commerce company reported fiscal third-quarter results that exceeded Street expectations but offered fourth-quarter revenue guidance that fell shy of analyst forecasts. Etsy reported net income of $89.9 million, or 62 cents a share, compared with net income of $91.8 million, or 70 cents a share, in the year-ago quarter. The company’s adjusted net income was $174.2 million. Revenue improved 18% to $532.4 million from $451.5 million a year ago. However, fourth-quarter sales were estimated at between $660 million and $690 million, short of the $691 million projected by analysts. Analysts surveyed by FactSet had expected third-quarter net income of 55 cents a share on revenue of $519 million. Etsy’s stock is up 35% in 2021. The broader S&P 500 index SPX, +0.65% has gained 24% this year.
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