
Royalty Pharma: Q1 Earnings Snapshot
The New York-based company said it had profit of 41 cents per share. Earnings, adjusted for non-recurring costs, were $1.06 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Soho House members' club nearing a deal to go private, WSJ reports
(Reuters) -A group of investors led by New York-based MCR Hotels is nearing a deal to take members' club operator Soho House private, the Wall Street Journal reported on Sunday, valuing the group at $1.8 billion. Soho House shareholders will receive $9 per share - a 17.8% premium to the closing price of $7.64 on Friday. The company is currently valued at $1.49 billion. The deal value is based on the company's more than 195 million outstanding shares. Billionaire Ron Burkle, who is a controlling shareholder, is expected to roll over his stake, along with several other shareholders, the Journal said. Apollo Global Management is expected to provide more than $700 million in equity and debt financing for the deal, WSJ said. Soho House, MCR Hotels and Apollo did not immediately respond to Reuters' request for comments outside business hours. Daniel Loeb, who runs hedge fund Third Point, in January urged SoHo House directors to run a "fair" sales process and consider other potential bidders after the hospitality group received a take-private offer late last year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Soho House members' club nearing a deal to go private, WSJ reports
(Reuters) -A group of investors led by New York-based MCR Hotels is nearing a deal to take members' club operator Soho House private, the Wall Street Journal reported on Sunday, valuing the group at $1.8 billion. Soho House shareholders will receive $9 per share - a 17.8% premium to the closing price of $7.64 on Friday. The company is currently valued at $1.49 billion. The deal value is based on the company's more than 195 million outstanding shares. Billionaire Ron Burkle, who is a controlling shareholder, is expected to roll over his stake, along with several other shareholders, the Journal said. Apollo Global Management is expected to provide more than $700 million in equity and debt financing for the deal, WSJ said. Soho House, MCR Hotels and Apollo did not immediately respond to Reuters' request for comments outside business hours. Daniel Loeb, who runs hedge fund Third Point, in January urged SoHo House directors to run a "fair" sales process and consider other potential bidders after the hospitality group received a take-private offer late last year.

Wall Street Journal
8 hours ago
- Wall Street Journal
Soho House Members' Club Nearing a Deal to Go Private
A group of investors led by one of the country's biggest hotel owners is nearing a deal to take Soho House private, ending a monthslong contest over the fate of the giant members' club operator. Billionaire Ron Burkle, currently the controlling shareholder, is expected to roll over his stake, according to people familiar with the matter, along with several other existing shareholders. The new equity investors will be led by New York-based MCR Hotels, the people said.