Shutterstock Reports Third Quarter 2018 Financial Results

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Go back to Shutterstock Reports Third Quarter 2018 Financial Results

Shutterstock (SSTK) PT Lowered to $35 at Jefferies

October 30, 2018 1:18 PM EDT

Jefferies analyst Brian Fitzgerald lowered the price target on Shutterstock (NYSE: SSTK) to $35.00 (from $44.00) while maintaining a Underperform rating.

... More

Shutterstock (SSTK) Tops Q3 EPS by 1c, Revenues Miss; Offers FY18 Revenue Outlook Below Consensus

October 30, 2018 7:10 AM EDT

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... More