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DigitalBridge: Q4 Earnings Snapshot

BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — DigitalBridge Group, Inc. (DBRG) on Wednesday reported fourth-quarter net income of $65.1 million.

The Boca Raton, Florida-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring gains, were 21 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The provider of asset management services to NorthStar Realty Finance Corp. posted revenue of $105.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $100.3 million.

For the year, the company reported profit of $141.9 million, or 46 cents per share. Revenue was reported as $374.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DBRG at https://www.zacks.com/ap/DBRG

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updated by pwenzel 3:13pm
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