10:04 AM EDT, 08/06/2024 (MT Newswires) -- Shutterstock ( SSTK ) shares were down by more than 9% in recent Tuesday trading after it posted lower Q2 adjusted net income from a year earlier.

The company reported Q2 adjusted net income of $1.00 per diluted share, down from $1.07 a year earlier.

Three analysts polled by Capital IQ expected $1.00.

Revenue for the quarter ended June 30 was $220.1 million, up from $208.8 million a year earlier.

Four analysts surveyed by Capital IQ expected $213.4 million.

For the full-year 2024, the company said it continues to expect adjusted diluted net income of $4.18 to $4.32 per share. Three analysts polled by Capital IQ expect $4.40.

Revenue for the year is now expected in the range of $927 million to $936 million, compared with its prior guidance of $923 million to $936 million. A single analyst surveyed by Capital IQ expects $929.6 million.

Shutterstock ( SSTK ) also said its board maintained its quarterly dividend at $0.30 per outstanding common share, payable Sept. 12 to shareholders of record as of Aug. 29.

Price: 35.02, Change: -2.95, Percent Change: -7.77