Shutterstock Q4 Adj EPS $0.72 Beats $0.67 Estimate, Sales $217.22M Miss $224.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shutterstock (NYSE:SSTK) reported Q4 adjusted EPS of $0.72, surpassing the $0.67 estimate, but its sales of $217.22M fell short of the $224.00M forecast. This represents a 31.43% decrease in earnings and a slight 0.23% drop in sales compared to the same period last year.
February 21, 2024 | 12:06 pm
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Shutterstock's Q4 adjusted EPS exceeded expectations, but sales did not meet forecasts, indicating mixed financial performance.
While Shutterstock's earnings per share outperformed analyst expectations, the miss on sales forecasts could concern investors about revenue growth. The significant decrease in earnings compared to last year might also impact investor sentiment negatively. However, the beat on EPS could offset some of the negative impact from the sales miss, leading to a neutral short-term price direction.
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