Stock Track | Burford Capital Plunges Over 26% Pre-Market After Dismal Q3 Earnings Miss

Stock Track11-07

Shares of Burford Capital Ltd. (NYSE: BUR) plummeted over 26% in pre-market trading on Wednesday, following the release of the company's disappointing third-quarter 2024 earnings results.

The legal finance firm reported earnings per share of $0.61 for the quarter, significantly missing the consensus analyst estimate of $0.92 per share. Revenue for the period came in at $249.1 million, a 36.76% miss compared to the expected $393.9 million.

The substantial misses on both the top and bottom lines indicate a weaker-than-expected performance for Burford Capital in the third quarter. Such disappointing earnings results often trigger sell-offs from investors, as the company's financial performance fell short of market expectations.

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(NYSE: BUR) plummeted over 26% in pre-market trading on Wednesday, following the release of the company's disappointing third-quarter 2024 earnings results.\nThe legal ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BUR","symbol_name":"Burford Capital Ltd.","start_time":0,"source_url":"","article_id":"1122669240","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122669240","pubTimestamp":1730984443,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Burford Capital Ltd.  plummeted over 26% in pre-market trading on Wednesday, following the release of the company's disappointing third-quarter 2024 earnings results.The legal finance firm reported earnings per share of $0.61 for the quarter, significantly missing the consensus analyst estimate of $0.92 per share. 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