Markets

GCM Grosvenor reports strong Q4 earnings, beats estimates, stock up

by MarketNewsData

From Nasdaq: 2025-02-10 09:41:03

GCM Grosvenor Inc. reported a significant increase in fourth quarter earnings, with a 46 percent rise for the full year. Quarterly earnings were $7.62 million, a 134 percent increase from the previous year, translating to $0.09 per share. Adjusted net income was $52.7 million or $0.27 per share. Revenue for the quarter rose by 42 percent to $165.26 million. The company’s board approved a dividend of $0.11 per share payable on March 17, 2025. Shares of GCMG are up 3.10 percent, trading at $13.98. Analysts were expecting earnings of $0.27 per share on average.



Read more at Nasdaq: GCM Grosvenor Q4 Earnings Surges, Meets Estimates; Stock Gains

You may also like