Shares of Shutterstock dive after earnings, sales miss

CNBC | on Mon, Feb 27, 4:42 PM

Chris Ratcliffe | Bloomberg | Getty Images Jon Oringer, chief executive officer of Shutterstock Shutterstock[1] shares plunged after the photo and video company reported a fourth-quarter earnings and revenue miss on Monday. The stock shed more than 16 percent in Monday trading. The New York-based company posted adjusted earnings of 42 cents per share on revenue of $130.2 million. Sales rose 12 percent year-over-year from $116 million. A consensus of analysts polled by Thomson Reuters expected...

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