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Etsy Inc. shares rallied in the extended session Tuesday after the online crafts site topped Wall Street estimates and raised its outlook. Etsy shares surged 11% after hours, following a 4% decline to close at $40.43 in the regular session. The company reported third-quarter net income of $19.9 million, or 15 cents a share, compared with $25.8 million, or 21 cents a share, in the year-ago period. Revenue rose to $150.4 million from $106.4 million in the year-ago period. Analysts surveyed by FactSet had forecast earnings of 7 cents a share on revenue of $149.9 million. For the year, Etsy said it expects revenue of $596 million to $600 million, while analysts expect $595.4 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.