Previous close | 42.30 |
Open | 0.00 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 169 |
Market cap | N/A |
Beta (5Y monthly) | 1.13 |
PE ratio (TTM) | 0.17 |
EPS (TTM) | 2.38 |
Earnings date | 02 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Revenue Stagnates as Net Income Halves, Despite Strategic Moves to Bolster Future Growth
Shutterstock (SSTK) delivered earnings and revenue surprises of 18.95% and 1.56%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Stock photography and footage provider Shutterstock (NYSE:SSTK) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue flat year on year at $214.3 million. The company's full-year revenue guidance of $929.5 million at the midpoint also came in 6.5% above analysts' estimates. It made a non-GAAP profit of $1.13 per share, down from its profit of $1.29 per share in the same quarter last year.