— Etsy (NASDAQ: ETSY) reported its third-quarter 2019 earnings of $0.12 per share. This came in line with the analysts’ expectations of $0.12 per share.
— Total revenues jumped by 32% to $197.95 million versus $193.53 million expected. This is driven by growth in both Marketplace and Services revenue. Gross merchandise sales increased by 30% to $1.2 billion.
— Active buyers grew 21% year-over-year in the third quarter, and active sellers grew 27% year-over-year.
— The marketing expense, specifically the investment in the TV campaign, drove operating expenses higher by 36%.
— Looking ahead into the full year 2019, the company lifted its revenue outlook to the range of $809 million to $815 million from the previous range of $797 million to $809 million.
— Gross merchandise sales are now anticipated to rise 25% to 26% to the range of $4.9 billion to $5 billion for the full year 2019.
— Adjusted EBITDA margin forecast is narrowed to the range of $179 million to $187 million from the earlier range of $177 million to $193 million.
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Shares of Campbell Soup Company (NYSE: CPB) were up 1% on Thursday. The stock has gained 30% year-to-date and 34% over the past 12 months. The food company started the