Apollo Investment (AINV) Reports In-Line Q3 EPS

Apollo Investment (NASDAQ: AINV) reported Q3 EPS of $0.21, in-line with the analyst estimate of $0.21.

Mr. James Zelter, Apollo Investment’s Chief Executive Officer, commented, “NAV per share declined during the quarter due to the dislocation in the credit markets which resulted in spread widening, as well as from low and falling oil prices.” Mr. Zelter continued, “During the quarter we continued to repurchase stock. Since commencing our repurchase program in August, we have repurchased 10.6 million shares or 4.5% of initial shares outstanding for a total cost of $62 million. As a result, there has been a 7 cent per share accretive impact to NAV from stock buybacks through December.”

For earnings history and earnings-related data on Apollo Investment (AINV) click here.

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