Stock Track | DigitalBridge Stock Plunges as Q3 Earnings, Revenue Miss Estimates

Stock Track11-01

Shares of DigitalBridge Group, Inc. (DBRG) tumbled over 17% on Thursday after the digital infrastructure investment firm reported weaker-than-expected third quarter 2024 financial results.

For the quarter ended September 30, DigitalBridge reported distributable earnings of $0.06 per share, significantly below the analysts' consensus estimate of $0.15. The company's total revenue of $76.1 million also missed expectations, coming in well below the forecasted $98.4 million.

While DigitalBridge provided an outlook for full-year 2024 fee revenue in the range of $305 million to $320 million, the company's third quarter performance raised concerns among analysts about its ability to maintain growth momentum. The underwhelming results were attributed to challenges in the digital infrastructure investment landscape and broader economic headwinds.

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(DBRG) tumbled over 17% on Thursday after the digital infrastructure investment firm reported weaker-than-expected third quarter 2024 financial results.\nFor the ...</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":"DBRG","symbol_name":"DigitalBridge Group, Inc.","start_time":0,"source_url":"","article_id":"1146199237","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146199237","pubTimestamp":1730468441,"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 DigitalBridge Group, Inc.  tumbled over 17% on Thursday after the digital infrastructure investment firm reported weaker-than-expected third quarter 2024 financial results.For the quarter ended September 30, DigitalBridge reported distributable earnings of $0.06 per share, significantly below the analysts' consensus estimate of $0.15. 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