Getty Images Holdings Q1 2024 GAAP EPS $0.03 Beats $0.01 Estimate, Sales $222.30M Miss $225.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Getty Images Holdings (NYSE:GETY) reported Q1 2024 earnings of $0.03 per share, surpassing the $0.01 estimate, but missed sales estimates with $222.30M against the expected $225.61M. This represents a 5.66% decrease in sales compared to the same period last year.
May 09, 2024 | 8:12 pm
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Getty Images Holdings exceeded EPS estimates but missed on sales for Q1 2024, with a year-over-year sales decrease of 5.66%.
While beating EPS estimates typically has a positive impact on stock prices, missing sales forecasts and reporting a significant year-over-year decrease in sales could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the significance of earnings beat against sales miss.
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