Apollo Global Management (APO) Tops Q4 EPS by 15c

Apollo Global Management (NYSE: APO) reported Q4 EPS of $0.77, $0.15 better than the analyst estimate of $0.62.

“Our strong results for the fourth quarter capped an exceptional 2017 for Apollo,” said Leon Black, Chairman and Chief Executive Officer. “Driven by outstanding investment performance of the funds we manage, during the year we grew our total assets under management by 30% to nearly $250 billion. Compared with 2016, fee-related earnings increased by almost 20%, while our declared cash distribution rose by 45% and our economic net income advanced by more than 50%. As we look to 2018 and beyond, we believe Apollo’s integrated global platform will continue to position us to deliver strong returns to our investors.”

For earnings history and earnings-related data on Apollo Global Management (APO) click here.

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