Shutterstock Earnings Up In Q2; Stock Up In Pre-market
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Shutterstock, Inc. (SSTK) reported a significant increase in net income for Q2, rising to $29.44 million from $3.63 million year-over-year. Earnings per share also rose to $0.82 from $0.10. Adjusted net income reached $42.87 million, with adjusted earnings per share at $1.19. Revenue grew by 21% to $266.99 million. Following the announcement, Shutterstock's stock rose 7.21% in pre-market trading, reaching $21.25.
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