Getty Images shares are trading lower after the company cut 2023 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Getty Images shares have declined following the company's announcement of a reduction in its revenue guidance for 2023, which is now below analyst estimates.
November 14, 2023 | 9:13 pm
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Getty Images has reduced its revenue guidance for 2023, leading to a decline in its stock price as the new forecast falls below analyst expectations.
The reduction in revenue guidance is a significant indicator of potential underperformance compared to market expectations. This typically results in a negative investor sentiment and a decrease in stock price in the short term as investors adjust their expectations.
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