NEW YORK (AP) — NEW YORK (AP) — Shutterstock Inc. (SSTK) on Thursday reported fourth-quarter profit of $7 million.
On a per-share basis, the New York-based company said it had profit of 19 cents. Earnings, adjusted for one-time gains and costs, were $1.05 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The online marketplace for royalty-free images and videos posted revenue of $217.7 million in the period.
For the year, the company reported profit of $76.1 million, or $2.08 per share. Revenue was reported as $827.8 million.
Shutterstock expects full-year earnings in the range of $3.90 to $4.05 per share, with revenue in the range of $836 million to $853 million.
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