- DigitalBridge Group ( NYSE: DBRG ) stock slid as much as 5.4% in Friday morning trading after the infrastructure investment firm's Q4 earnings, albeit topping Wall Street expectations, plunged from the prior quarter as expenses climbed.
- Q4 distributable EPS of -$0.07, surpassing the average analyst estimate of -$0.12, dropped from $0.22 in Q3 and from -$0.04 in the year-ago quarter.
- Revenue of $301.08M, beating the $294.67M consensus, rose from $296.6M in Q3 and from $255.86M in Q4 2021.
- Interest expense came in at $55.05M, up from $53M in Q3 and down from $69.34M a year earlier.
- Total expenses were $508.72M vs. $494.3M in Q3 and $405.78M in Q4 2021.
- Fee income advanced to $44.26M from $41.3M in Q3 but slid from $56M in the year-earlier period.
- Conference call at 10:00 a.m. ET.
- Earlier, DigitalBridge non-GAAP EPS of -$0.07 beats by $0.05, revenue of $301.08M beats by $6.41M .
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DigitalBridge stock dives as Q4 earnings sink less than expected