Shutterstock Reports First Quarter 2016 Financial Results
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Jefferies Raises Price Target on Shutterstock (SSTK) Following Decent 1Q Report
May 5, 2016 9:37 AM EDTJefferies reiterated a Hold rating on Shutterstock (NYSE: SSTK), and raised the price target to $45.00 (from $40.00), following the company's 1Q earnings report. Revenues were reported at $117M, compared to consensus estimates of $116M. Adjusted EBITDA was $24M, ahead of consensus estimates of $21M.... More
Shutterstock (SSTK) Tops Q1 EPS by 7c
May 4, 2016 8:40 AM EDTShutterstock (NYSE: SSTK) reported Q1 EPS of $0.36, $0.07 better than the analyst estimate of $0.29. Revenue for the quarter came in at $116.7 million versus the consensus estimate of $115.85 million.
Shutterstock reaffirmed FY2016 guidance.
For earnings history and earnings-related data on Shutterstock (SSTK) click here.
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