Recap: Getty Images Holdings Q4 Earnings
Portfolio Pulse from Benzinga Insights
Getty Images Holdings (NYSE:GETY) reported Q4 earnings with an EPS of $0.09, surpassing estimates by 800% but with a revenue decrease of $5.53 million from the previous year. This follows a quarter where the company missed EPS estimates, leading to a 2% share price drop.
March 14, 2024 | 8:25 pm
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Getty Images Holdings reported a significant beat on Q4 earnings expectations with an EPS of $0.09, greatly exceeding the $0.01 estimate, but saw a revenue decline year-over-year.
The substantial beat on earnings per share (EPS) expectations is likely to positively impact investor sentiment and potentially the stock price in the short term, despite the reported decline in revenue. Historically, a miss in EPS in the previous quarter led to a 2% drop in share price, indicating market sensitivity to earnings performance. The current earnings beat could reverse this sentiment.
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