Shares of DigitalBridge Group, Inc. (DBRG) surged 5.16% in the pre-market session on Thursday, February 20, 2025, after the company reported better-than-expected earnings for the fourth quarter of 2024.
The global digital infrastructure investment firm reported its Q4 2024 and full-year 2024 financial results before the market open. DigitalBridge reported Q4 distributable earnings per share (EPS) of $0.11, surpassing the FactSet consensus estimate of $0.09.
The strong earnings results were likely the primary driver behind the stock's pre-market rally, as investors reacted positively to the company's outperformance. DigitalBridge is set to host an earnings conference call later today to discuss the financial results and provide further updates on its business operations.
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