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Etsy (ETSY) Stock Soars on Q2 Revenue Beat

Etsy (NASDAQ:ETSY) announce its latest quarterly earnings results late in the day Monday, posting revenue that was better than analysts were calling, sending shares soaring after hours. The e-commerce site for handmade and vintage items said that for its second quarter of fiscal 2018, it brought in net income of $3.4 million, or 3 cents per share. Wall Street said in its consensus estimate that it was calling for the company to amass net income of 4 cents per share. …read more […]

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GOLDMAN SACHS: Bitcoin is never coming back

Goldman Sachs’ investment strategy group says bitcoin will continue to decline. It also says the virtual currency meets none of the three definitions of usable money and makes up just 0.3% of global GDP. Despite headline-making plans to open a bitcoin trading desk earlier this year, Goldman Sachs still isn’t sold on the virtual currency. …read more […]