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DigitalBridge Group's Q3 Distributable Earnings, Revenue Drop; Shares Fall Pre-Bell
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DigitalBridge Group's Q3 Distributable Earnings, Revenue Drop; Shares Fall Pre-Bell
Nov 4, 2024 12:02 PM

07:49 AM EDT, 11/01/2024 (MT Newswires) -- DigitalBridge Group ( DBRG/PJ ) reported Q3 distributable earnings Friday of $0.06 per share, down from $0.19 a year earlier.

Two analysts polled by Capital IQ expected $0.02.

Revenue for the quarter ended Sept. 30 was $76.1 million, down from $262.7 million a year earlier.

Analysts surveyed by Capital IQ expected $99.2 million.

The company's shares fell more than 5% in recent Friday premarket activity.

Price: 14.79, Change: -0.90, Percent Change: -5.74

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