AFC Gamma stock rises on stronger-than-expected distributable earnings

AFC Gamma Inc.

shares rose 3.8% in premarket trades after the debt provider to cannabis companies posted better-than-expected distributable earnings. AFC Gamma said its fourth-quarter net income fell to $2.94 million, or 14 cents a share, from $7 million, or 43 cents a share, in the year-ago quarter. Distributable earnings rose to $12.62 million, 62 cents a share, from $8.5 million, or 52 cents a share, in the year-ago quarter.

shares rose 3.8% in premarket trades after the debt provider to cannabis companies posted better-than-expected distributable earnings. AFC Gamma said its fourth-quarter net income fell to $2.94 million, or 14 cents a share, from $7 million, or 43 cents a share, in the year-ago quarter. Distributable earnings rose to $12.62 million, 62 cents a share, from $8.5 million, or 52 cents a share, in the year-ago quarter.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

BioMarin’s stock falls after another company’s dwarfism drug moves into Phase 3 clinical trialsShares of BioMarin Pharmaceutical Inc. were down about 6.0% in premarket trading on Monday after BridgeBio Pharma Inc. shared positive Phase 2 clinical data...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »