UPDATE: Shutterstock, Inc. (SSTK) Reports In-Line Q1 EPS; Guides Revs Above the Street
(consensus correction) Shutterstock, Inc. (NYSE: SSTK) reported Q1 EPS of $0.20, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $72.8 million versus the consensus estimate of $69.71 million.
Shutterstock, Inc. sees FY2014 revenue of $76-78 million, versus the consensus of $74.41 million.
Shutterstock, Inc. sees FY2014 revenue of $315-320 million, versus the consensus of $309.91 million.
"We had a very strong first quarter, with consistent growth across all regions worldwide," said Founder and CEO Jon Oringer. "Our core markets and product offerings performed very well, while more recently introduced revenue streams from Enterprise sales and video footage licensing doubled as compared to the prior year. That strong growth, combined with our recent acquisition of digital asset management provider WebDAM, sets up a terrific foundation for us to build on throughout 2014."
For earnings history and earnings-related data on Shutterstock, Inc. (SSTK) click here.