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Getty Reports Growth . . . |
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Friday, 01 February 2008 |
 Getty Images fourth quarter was the strongest quarter of the year in terms of actual revenue, according to figures released after the stock market closed on this date.
But news from the fourth quarterly report of 2007 was mixed. Even as revenues increased to $218 million, Getty's net income fell by $3.9 million from the same period last year. Earnings per share dropped $0.04 on a year-over-year basis to $0.48.
Getty Images Chief Executive Jonathan Klein said he sees "tremendous progress" in the results.
“We experienced sequential growth in every product line compared to the third quarter of 2007 and continue to see strong progress on our many initiatives to stabilize our traditional creative stills business while growing revenue across all other areas of our business,” Klein said in a prepared statement.
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