Shutterstock (SSTK) Q1 Earnings and Revenues Miss Estimates

Shutterstock (SSTK) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.25%. A quarter ago, it was expected that this online marketplace for royalty-free images and videos would post earnings of $0.92 per share when it actually produced earnings of $0.67, delivering a surprise of -27. ...