Shutterstock Q3 Adj EPS $1.26 Beats $0.81 Estimate, Sales $233.20M Beat $214.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shutterstock (NYSE:SSTK) reported Q3 adjusted earnings of $1.26 per share, beating the analyst consensus estimate of $0.81 by 55.56%. This is a 26% increase from the same period last year. The company also reported quarterly sales of $233.20 million, beating the analyst consensus estimate of $214.47 million by 8.73%, a 14.26% increase from the same period last year.
October 31, 2023 | 11:07 am
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POSITIVE IMPACT
Shutterstock's Q3 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Shutterstock's Q3 earnings and sales exceeded analyst estimates, which is typically seen as a positive sign of the company's financial health and performance. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100