Shutterstock Sees FY24 Revenue $935M-$940M Vs $930.7M Est.
Portfolio Pulse from Benzinga Newsdesk
Shutterstock has announced its revenue guidance for the fiscal year 2024, projecting revenues between $935 million and $940 million, which is slightly above the market estimate of $930.7 million.
October 29, 2024 | 11:05 am
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POSITIVE IMPACT
Shutterstock has provided a revenue forecast for FY24 that exceeds market expectations, indicating potential positive sentiment for the stock.
The revenue guidance provided by Shutterstock for FY24 is higher than the market's estimate, which is likely to be perceived positively by investors. This could lead to an increase in the stock price as it suggests confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100