Shutterstock shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Shutterstock has reported better-than-expected Q3 financial results and raised its FY23 guidance, leading to a rise in its share prices.
October 31, 2023 | 2:45 pm
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Shutterstock's better-than-expected Q3 results and raised FY23 guidance have led to an increase in its share prices.
Shutterstock's strong Q3 results indicate a positive financial performance, which is a key factor investors consider when buying shares. The raised FY23 guidance suggests the company's future performance is expected to be strong, which can further attract investors, leading to a rise in share prices.
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