Shutterstock (NYSE: SSTK) reported Q3 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $151.6 million versus the consensus estimate of $157.89 million.

Commenting on the Company's performance, founder and CEO Jon Oringer said "We achieved another solid quarter, delivering continued organic revenue growth year-over-year, as customers continue to use Shutterstock's creative platform for their content and design needs. In addition to the growth in the business, we're realizing the benefits of successfully managing our costs and achieving operational efficiencies across the Company, as evidenced by strong cash flow generation and improving margins.

"We remain confident in a strong finish to 2018 and will continue to make smart, critical investments that aim to maximize the efficiency of our operations, improve customer experience and drive profitable revenue growth."

GUIDANCE:

Shutterstock sees FY2018 revenue of $625-630 million, versus the consensus of $633.84 million.

For earnings history and earnings-related data on Shutterstock (SSTK) click here.