Why Shutterstock Stock Fell 5% Today

Shares of digital photograph printing company Shutterstock (SSTK -5.20%) fell 5.5% through 12:05 p.m. ET on Wednesday, after the company reported mixed earnings last night.Heading into earnings day, analysts had forecast Shutterstock would report $0.67 per share in adjusted profit on$224 million in sales for its fourth quarter of 2023. As it turned out, Shutterstock beat the profits target, reporting a profit of $0.72 per share. Sales, however, came up short at only$217.2 million. Shutterstock Q4 earnings ...