EtsyThe shares rose more than 14% Thursday after Etsy reported its third quarter earnings, which beat Wall Street’s estimates. Etsy’s outlook and earnings show that consumers still buy products from Etsy, even though the company has reported better-than-expected third quarter results. pandemic-driven mask sales boom

Earnings were 62c per share for revenues of $532.4 Million. Refinitiv analysts polled expected an EPS of 54c on revenue of $518.9million.

It shows that people turned to Etsy during the past year. We are seeing them return more and more, CEO Josh Silverman said to CNBC’s “SquawkBox” Thursday.

Etsy shares fell in trading after hours on Wednesday, as Etsy shared lower-than expected guidance regarding fourth quarter revenue. Silverman said that the fourth quarter outlook for Etsy was “extremely strong.”

Revenue growth was about 10% for fourth quarter. That’s between $660 million to $690 million. This is still more than the $617.4million Etsy reported in its last fourth quarterAs people came to the website to get pandemic necessities, they flocked there in droves.

The conversation has gone on for years. “The question was, “Once the World reopens, what percentage of that you will lose and how much do you want to give up?”Silverman stated that it was fair to ask. “We are in the fourth quarter, 2021. There is a great deal more to choose from. They can travel all around, shop anywhere, and they have many choices.