Shutterstock shares are trading lower after the company reported worse-than-expected revenue results and issued FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Shutterstock reported worse-than-expected revenue results and issued FY23 guidance, causing its shares to trade lower.
August 04, 2023 | 10:03 am
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NEGATIVE IMPACT
Shutterstock's shares are trading lower due to worse-than-expected revenue results and FY23 guidance.
Shutterstock's worse-than-expected revenue results and FY23 guidance have negatively impacted investor sentiment, leading to a decrease in the company's share price. This indicates a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100