Shutterstock: Q4 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

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

Advertisement

Recommended Stories