Shutterstock Sees FY23 Revenue Of $852 million - $869 million Vs. $852.65 million Est.
Portfolio Pulse from Benzinga Newsdesk
Shutterstock has projected its FY23 revenue to be between $852 million and $869 million, which is in line with the estimated $852.65 million.
August 01, 2023 | 11:26 am
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NEUTRAL IMPACT
Shutterstock's FY23 revenue projection aligns with the current estimates, indicating a stable financial outlook for the company.
Shutterstock's revenue projection for FY23 is in line with the current estimates. This suggests that the company's financial performance is expected to be stable, which could maintain investor confidence in the stock. However, as the projection is not exceeding the estimates, it may not provide a significant boost to the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100