Shutterstock Reports Second Quarter 2018 Financial Results

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Go back to Shutterstock Reports Second Quarter 2018 Financial Results

Shutterstock (SSTK) Misses Q2 EPS by 2c, Slight Beat on Revenues; Offers FY Revenue Views

August 1, 2018 7:04 AM EDT

Shutterstock (NYSE: SSTK) reported Q2 EPS of $0.30, $0.02 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $156.6 million versus the consensus estimate of $156.44 million.

Commenting on the Company's performance, founder and CEO Jon Oringer said "We continued to see strong results as we closed out the first half of the year, including an acceleration of our organic revenue growth and improvements in cost management as compared to both the... More