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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