Burford Capital Limited (BUR)

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.