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Shutterstock: 1Q Earnings Snapshot

NEW YORK (AP) _ Shutterstock Inc. (SSTK) on Thursday reported first-quarter earnings of $7.5 million.

On a per-share basis, the New York-based company said it had profit of 21 cents. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The online marketplace for royalty-free images and videos posted revenue of $163.3 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $166.3 million.

Shutterstock expects full-year revenue in the range of $685 million to $695 million.

Shutterstock shares have increased 27 percent since the beginning of the year. The stock has decreased slightly more than 8 percent in the last 12 months.


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