Shutterstock Q2 Adj EPS $1.07 Beats $1.04 Estimate, Sales $208.80M Miss $214.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shutterstock reported Q2 adjusted earnings of $1.07 per share, beating the analyst consensus estimate of $1.04 by 2.88%. This is a 28.92% increase over earnings of $0.83 per share from the same period last year. However, the company's quarterly sales of $208.80 million missed the analyst consensus estimate of $214.46 million by 2.64%, though it is a 0.93% increase over sales of $206.87 million the same period last year.

August 01, 2023 | 11:09 am
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Shutterstock's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Shutterstock's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results may lead to neutral or mixed market reactions in the short term.
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