Latest News by Industry
NEW YORK (AP) — NEW YORK (AP) — Shutterstock Inc. (SSTK) on Wednesday reported a loss of $1 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 72 cents per share.
The online marketplace for royalty-free images and videos posted revenue of $217.2 million in the period.
For the year, the company reported profit of $110.3 million, or $3.04 per share. Revenue was reported as $874.6 million.
Shutterstock expects full-year earnings in the range of $4.15 to $4.30 per share, with revenue expected to be $875 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSTK at https://www.zacks.com/ap/SSTK