DigitalBridge: Fourth Quarter Earnings Overview

DigitalBridge Group Announces Fourth-Quarter Earnings

DigitalBridge Group, Inc., headquartered in Boca Raton, Florida, revealed a net profit of $65.1 million for the fourth quarter.

The company’s earnings translated to $0.27 per share, with adjusted earnings—excluding one-time gains—coming in at $0.21 per share.

These figures surpassed analysts’ expectations, as the consensus from four Zacks Investment Research analysts had projected earnings of $0.08 per share.

DigitalBridge, which manages assets for NorthStar Realty Finance Corp., reported quarterly revenue of $105.7 million, outperforming the $100.3 million anticipated by three Zacks analysts.

For the full year, DigitalBridge recorded a total profit of $141.9 million, or $0.46 per share, with annual revenue reaching $374.4 million.

This article was created by Automated Insights using data provided by Zacks Investment Research.