Update: DigitalBridge's Q3 Distributable Earnings, Revenue Drop; Shares Fall-March 2024-www.financetom.com

Update: DigitalBridge's Q3 Distributable Earnings, Revenue Drop; Shares Fall

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Update: DigitalBridge's Q3 Distributable Earnings, Revenue Drop; Shares Fall

Nov 4, 2024 12:11 PM

10:37 AM EDT, 11/01/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

DigitalBridge ( DBRG/PJ ) shares fell by more than 17% in recent Friday trading after the company's Q3 distributable earnings and revenue declined year-on-year and its revenue came in below analysts' estimates.

The company 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.

Price: 13.12, Change: -2.58, Percent Change: -16.41

Previous page： Ardelyx Names Sue Hohenleitner as Finance Chief Next page： Sector Update: Consumer

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Ardelyx Names Sue Hohenleitner as Finance Chief

Oct 13, 2025

08:59 AM EDT, 10/13/2025 (MT Newswires) -- Ardelyx ( ARDX ) said Monday it has appointed Sue Hohenleitner as chief financial officer, effective Nov. 4. Hohenleitner will succeed Justin Renz, who will continue in the role through the filing of the company's Q3 regulatory filing. Hohenleitner most recently served as the CFO of Johnson & Johnson (JNJ) Innovative Medicine North...

Sector Update: Consumer

Oct 13, 2025

08:58 AM EDT, 10/13/2025 (MT Newswires) -- Consumer stocks were mixed pre-bell Monday, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 1.2% higher. Stellantis ( STLA ) has postponed the launch of its new strategic plan to Q2 2026, allowing recently appointed CEO Antonio Filosa more time to...

Netley Capital Announces First Tertiary Transaction and Team Expansion

Oct 13, 2025

LONDON--(BUSINESS WIRE)-- Netley Capital (“Netley”), a private investment firm, today announced the successful completion of its first tertiary transaction. Netley also announces that Alvaro Rosado is joining as Co-Founder and Partner. Netley Capital’s Tertiaries franchise manages $315 million in committed, deployable capital. It is the private equity industry’s leading pool of capital dedicated exclusively to buying secondaries stakes in secondaries...

7 Brew Coffee Races to 500 Stands in 35 States, Celebrating With a Pit Stop in Toms River, New Jersey

Oct 13, 2025

America’s fastest-growing restaurant chain brings cars, coffee and kindness to race-themed pop-up activation celebrating major brand milestone TOMS RIVER, N.J.--(BUSINESS WIRE)-- 7 Brew Coffee, the rapidly-growing drive-thru beverage brand that is redefining what it means to grab a drink on the go, celebrated the opening of its 500th stand with a full-throttle, race-themed takeover in Toms River, N.J., Saturday....