BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — DigitalBridge Group, Inc. (DBRG) on Tuesday reported fourth-quarter earnings of $115.3 million.
On a per-share basis, the Boca Raton, Florida-based company said it had profit of 58 cents. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The provider of asset management services to NorthStar Realty Finance Corp. posted revenue of $350.3 million in the period.
For the year, the company reported profit of $185.3 million, or 50 cents per share. Revenue was reported as $1.5 billion.
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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