NEW YORK (AP) — NEW YORK (AP) — Shutterstock Inc. (SSTK) on Thursday reported profit of $16.1 million in its first quarter.
The New York-based company said it had net income of 45 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.13 per share.
The online marketplace for royalty-free images and videos posted revenue of $214.3 million in the period.
Shutterstock expects full-year earnings in the range of $4.18 to $4.32 per share, with revenue in the range of $923 million to $936 million.
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