BROOKLYN, N.Y. (AP) _ Etsy Inc. (ETSY) on Wednesday reported second-quarter profit of $98.3 million.

On a per-share basis, the Brooklyn, New York-based company said it had profit of 68 cents.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The online crafts marketplace posted revenue of $528.9 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $531.5 million.

For the current quarter ending in October, Etsy said it expects revenue in the range of $500 million to $525 million.

Etsy shares have risen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $202.10, a rise of 56% in the last 12 months.

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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