|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||58.49 - 60.04|
|52 Week Range||50.04 - 128.36|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||22.20|
|Earnings Date||Apr 25, 2022 - Apr 29, 2022|
|Forward Dividend & Yield||0.96 (1.70%)|
|Ex-Dividend Date||Aug 31, 2022|
|1y Target Est||76.60|
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Shares of Shutterstock (NYSE: SSTK) -- a marketplace for digital images, video, and music -- were tumbling this morning after the company reported worse-than-expected second-quarter results. Shutterstock had fallen by 5.9% as of 11:29 a.m. ET. Additionally, Shutterstock's non-GAAP (adjusted) earnings of $0.83 was a drop of $0.12 from the year-ago quarter and missed Wall Street's consensus estimate of $0.93 per share.
Shutterstock Inc (NYSE: SSTK) reported second-quarter FY22 sales growth of 9% year-on-year, to $206.87 million, missing the consensus of $209.25 million. The average revenue per customer increased 1% to $359, and revenue per download rose 7% to $4.46. Subscribers increased 15% Y/Y to 368,000. Subscriber revenue rose 8% to $84.7 million. Revenue in the E-commerce sales channel increased 6% Y/Y to $127.4 million. The operating margin was 12.3%, and operating income for the quarter fell 24% to $25.