Why Shutterstock Inc Shares Popped Today
Shares of Shutterstock Inc (NYSE: SSTK) were surging today after the digital-image specialist turned in a better-than-expected third-quarter earnings report. The stock was up 11.8% as of 11:42 a.m. EDT.
Revenue increased 15% in the period to $141.1 million, which easily beat estimates at $133.1 million. Meanwhile, on the bottom line adjusted earnings per share slipped, as expected, from $0.40 to $0.31, but that still topped expectations of $0.27.
Image source: Getty Images.
Source: Fool.com
Shutterstock Inc. Aktie
32,32 €
-0,98 %
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