=Shutterstock (SSTK) reported earnings on Tue 6 Aug 2019 (b/o)

Shutterstock beats by $0.02, misses on revs; guides FY19 revs below consensus

Reports Q2 (Jun) earnings of $0.33 per share, excluding non-recurring items, $0.02 better thanthe S&P Capital IQ Consensus of $0.31; revenues rose 3.3% year/year to $161.74 mln vs the $171.93 mln S&P Capital IQ Consensus.

Co issues downside guidancefor FY19, sees FY19 revs of $645-670 mln vs. $687.23 mln S&P Capital IQ Consensus and vs prior guidance of $685-695 mln.

"This quarter we continued to see demand from our customers around the globe...However, we recognize that there is room for improvement in our Enterprise sales channel and, in the near-term, have revised our outlook for the year as our team develops strategies to reaccelerate growth."