08:05 AM EDT, 10/29/2024 (MT Newswires) -- Shutterstock ( SSTK ) reported Q3 adjusted net income Tuesday of $1.31 per diluted share, up from $1.26 a year earlier.

Three analysts polled by Capital IQ expected $1.13.

Revenue for the quarter ended Sept. 30 was $250.6 million, up from $233.2 million a year earlier.

Four analysts surveyed by Capital IQ expected $240.8 million.

For 2024, the company said it now expects adjusted net income in the range of $4.22 to $4.31 per diluted share, compared with its prior outlook of $4.18 to $4.32. Three analysts polled by Capital IQ expect $4.29.

Revenue for the year is now expected to be between $935 million and $940 million, up from its prior guidance of $927 million to $936 million. Analysts surveyed by Capital IQ expect $931.3 million.

Additionally, Shutterstock ( SSTK ) said Chief Financial Officer Jarrod Yahes is departing from the company to pursue another opportunity and it has named Rik Powell as the new CFO.

Shares of the company were up 6.7% in recent Tuesday premarket activity.

Price: 31.50, Change: +1.97, Percent Change: +6.67