DigitalBridge Reports Q4 Loss, Exceeds Estimates
BOCA RATON, Fla. -- DigitalBridge Group, Inc. (DBRG) reported a net loss of $5.1 million in its fourth quarter, or a loss of $0.12 per share.
Adjusted for non-recurring costs and stock option expenses, earnings reached $0.11 per share, surpassing analyst expectations. A survey by Zacks Investment Research forecasted earnings of $0.08 per share.
Revenue for the quarter totaled $101.6 million, again exceeding Street forecasts. Analysts surveyed by Zacks had predicted revenue of $96.7 million.
For the full year, DigitalBridge reported a net loss of $97.6 million, or $1.03 per share, on revenue of $228.1 million.
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