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Bull Of The Day: Etsy (ETSY)

Etsy, Inc. (ETSY - Free Report) is attempting to become profitable for the first time since its IPO in 2015. This Zacks Rank #1 (Strong Buy) is expected to grow sales and earnings by the double digits in 2018.

Etsy is the online market place where people make, sell and buy unique goods. Founded in 2005, it is headquartered in Brooklyn and went IPO in 2015.

Revenue Rises Double Digits in the First Quarter

On May 2, Etsy reported first quarter results and met the Zacks Consensus Estimate of $0.00.

But while investors have been focused on the lack of earnings growth, sales continue to climb.

Revenue was up 18.4% to $96.9 million driven by growth in both Markets and Sellers Services. Markets revenue was up 14.1% due to growth in transaction fee revenue while Seller Services jumped 23.9% year-over-year due to revenue...