Shutterstock reports Q3 profit of $23M

NEW YORK (AP) _ Shutterstock Inc. (NYSE: SSTK) on Tuesday reported a third-quarter profit of $23 million.

The New York-based company said it had a net income of 64 cents per share. Earnings, adjusted for one-time gains and costs, were $1 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The online marketplace for royalty-free images and videos posted revenue of $204.1 million in the period.