Blue Owl Capital Inc. OWL stock rose 4.5% in premarket trades after the alternative investment firm beat its fourth-quarter revenue target. Blue Owl reported fourth-quarter net income of $1.59 million, or breakeven per share, from income of $82,000 or a loss of a penny a share, in the year-ago period. Fee-related earnings of 16 cents a share beat the Wall Street target of 15 cents a share, according to estimates compiled by FactSet. Fourth-quarter revenue rose to $395.5 million from $288.
... Blue Owl Capital Inc. OWL stock rose 4.5% in premarket trades after the alternative investment firm beat its fourth-quarter revenue target. Blue Owl reported fourth-quarter net income of $1.59 million, or breakeven per share, from income of $82,000 or a loss of a penny a share, in the year-ago period. Fee-related earnings of 16 cents a share beat the Wall Street target of 15 cents a share, according to estimates compiled by FactSet. Fourth-quarter revenue rose to $395.5 million from $288.
Source: News Formal (newsformal.com)
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