BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Wednesday reported second-quarter net income of $96.4 million.

The Brooklyn, New York-based company said it had net income of 75 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The online crafts marketplace posted revenue of $428.7 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $334.4 million.

For the current quarter ending in October, Etsy said it expects revenue in the range of $366 million to $426 million.

Etsy shares have more than tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $135.52, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETSY at https://www.zacks.com/ap/ETSY

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