Shutterstock Ups Guidance, Sending Stock Higher
Stock photography company Shutterstock (SSTK) topped Wall Street’s Q4 views and guided higher than expected for Q1 on rising downloads and per-download prices. The New York-based company raised its full-year 2014 guidance to $305 million to $310 million. It previously expected $300 million to $305 million. Shares jumped more than 17% in the stock market today. Shutterstock says Q4 revenue climbed 38% to $68 million. Consensus views called for