Investing.com - Shutterstock (NYSE:SSTK) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Shutterstock announced earnings per share of $1.00 on revenue of $204.10. Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $213.93M.
Shutterstock shares are down 13.16% from the beginning of the year, still down 64.30% from its 52 week high of $128.36 set on October 26, 2021.
Shutterstock follows other major Communication Services sector earnings this month
Shutterstock's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.32 on revenue of $34.2B, compared to forecasts EPS of $1.29 on revenue of $33.78B.
Netflix had beat expectations on October 18 with third quarter EPS of $3.1 on revenue of $7.93B, compared to forecast for EPS of $2.18 on revenue of $7.85B.
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