Latest News by Industry
NEW YORK (AP) — NEW YORK (AP) — Shutterstock Inc. (SSTK) on Tuesday reported earnings of $50 million in its second quarter.
The New York-based company said it had profit of $1.37 per share. Earnings, adjusted for one-time gains and costs, were $1.07 per share.
The online marketplace for royalty-free images and videos posted revenue of $208.8 million in the period.
Shutterstock expects full-year earnings in the range of $4 to $4.17 per share, with revenue in the range of $852 million to $869 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SSTK">Zacks stock report on SSTK at https://www.zacks.com/ap/SSTK