NEW YORK (AP) — NEW YORK (AP) — Shutterstock Inc. (SSTK) on Tuesday reported net income of $17.6 million in its third quarter.
The New York-based company said it had profit of 50 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.31 per share.
The online marketplace for royalty-free images and videos posted revenue of $250.6 million in the period.
Shutterstock expects full-year earnings in the range of $4.22 to $4.31 per share, with revenue in the range of $935 million to $940 million.
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