Getty Images Stock Drops In After-Hours Trading After Disappointing Q2 Results
Portfolio Pulse from Ryan Gustafson
Getty Images Holdings, Inc. (NYSE:GETY) reported disappointing Q2 results, with losses of 1 cent per share, missing the analyst consensus estimate of positive 4 cents. Quarterly sales were $225.68 million, missing the analyst consensus estimate of $235.64 million. However, the company raised its full-year 2023 revenue guidance. The stock is also a top short squeeze candidate this week.
August 14, 2023 | 8:47 pm
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Getty Images reported disappointing Q2 results, missing analyst estimates. However, the company raised its full-year 2023 revenue guidance. The stock is also a top short squeeze candidate this week.
Getty Images reported lower than expected Q2 results, which is likely to negatively impact the stock price in the short term. However, the company's raised revenue guidance for 2023 and its status as a top short squeeze candidate could potentially offset some of this negative impact.
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