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Investing.com - Shutterstock reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Shutterstock announced earnings per share of $1.00 on revenue of $204.10. Analysts polled by Investing.com EPS of $0.94 on revenue of $213.93M.
Shutterstock 's are down 13.16% and is trading at $45.82 , still down 64.30% from its 52 week high of $128.36 set on Tuesday, October 26, 2021.
Shutterstock follows other major Communication Services sector earnings this month
Shutterstock's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.32 on revenue of $34.2B, EPS of $1.29 on revenue of $33.78B.
Netflix had beat expectations on Tuesday, October 18, 2022 with third quarter EPS of $3.1 on revenue of $7.93B, for EPS of $2.18 on revenue of $7.85B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar