NEW YORK (AP) — NEW YORK (AP) — Shutterstock Inc. (SSTK) on Tuesday reported net income of $17.6 million in its third quarter.
The New York-based company said it had profit of 50 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.31 per share.
The online marketplace for royalty-free images and videos posted revenue of $250.6 million in the period.
Shutterstock expects full-year earnings in the range of $4.22 to $4.31 per share, with revenue in the range of $935 million to $940 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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.