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Getty just reported their earnings. I hvaen't read but no one commented that they are in trouble. Still earning $800m per year and iStock is only about 5% of business.
After the closing bell Tuesday, Getty reported revenue improved 7 percent to $198.1 million from $184.5 million a year ago, but missed expectations for $206.3 million in revenue, according to a Thomson Financial poll.
Quote from: CJPhoto on October 31, 2006, 02:46Getty just reported their earnings. I hvaen't read but no one commented that they are in trouble. Still earning $800m per year and iStock is only about 5% of business.Getty is definitely in trouble. Their revenue ($800 million) came in below estimates (which were around $825 million). After they reported earnings their stock price dropped 15%.Not only that but they cut their outlook.And while their #s are dropping, iStock's #s are going thru the roof.You can read about it here:http://finance.yahoo.com/q/h?s=GYI