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13.54
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0.10
Why is Burford Capital Limited (BUR) Stock down?
We've noticed a 5.13% decline in Burford Capital Limited (BUR) stock during the 2024-08-05 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
13 May, 2024:
Burford Capital Limited (BUR) stock dropped by 6.09% following the release of disappointing revenue and earnings for the first quarter.
- Quarterly Financial Performance: In the reported quarter, Burford Capital incurred a loss of $0.14 per share, significantly below the Zacks Consensus Estimate of $0.45. This marked a notable decrease from earnings of $1.17 per share recorded in the same period last year, after adjusting for non-recurring items. The quarterly earnings surprise stood at -131.11%.
- Revenue Miss: The company reported revenues of $44.3 million for the quarter, falling short of the Zacks Consensus Estimate by 78.50%. This figure also represents a substantial decrease from the year-ago revenues of $380.91 million.
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