Shares of Getty Images Holdings Inc.
dropped more than 15% in the extended session Monday after the company reported preliminary second-quarter results that missed Wall Street expectations, swinging to a loss, and cut its sales outlook for the year. Getty lost $4.3 million, or one penny a share, in the quarter, contrasting with net income of $38.7 million, or 9 cents a share, in the year-ago period. Revenue fell 3.3% to $225.7 million, the company said.
dropped more than 15% in the extended session Monday after the company reported preliminary second-quarter results that missed Wall Street expectations, swinging to a loss, and cut its sales outlook for the year. Getty lost $4.3 million, or one penny a share, in the quarter, contrasting with net income of $38.7 million, or 9 cents a share, in the year-ago period. Revenue fell 3.3% to $225.7 million, the company said.