Shutterstock Q1 2024 Adj EPS $1.13 Beats $0.99 Estimate, Sales $214.315M Beat $208.518M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shutterstock (NYSE:SSTK) reported Q1 2024 adjusted EPS of $1.13, surpassing the $0.99 estimate, with sales of $214.315M also beating the $208.518M estimate, despite a 0.45% decrease from the previous year.

May 02, 2024 | 10:02 am
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Shutterstock reported a strong Q1 2024 performance with earnings and sales surpassing estimates, indicating a positive outlook despite a slight year-over-year sales decline.
Shutterstock's earnings beat and sales surpassing estimates suggest a strong financial performance and operational efficiency, likely leading to positive investor sentiment. The slight year-over-year sales decline is overshadowed by the earnings beat, indicating that the company is managing to increase profitability. This combination of factors is likely to lead to a short-term positive impact on SSTK's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100