Apollo Investment Corp. (AINV) Tops Q3 EPS by 1c

Apollo Investment Corp. (NASDAQ: AINV) reported Q3 EPS of $0.17, $0.01 better than the analyst estimate of $0.16.

Mr. James Zelter, Apollo Investment’s Chief Executive Officer, commented, “We believe that we have made considerable progress repositioning the portfolio, consistent with the strategy that we outlined last year. We have meaningfully reduced our exposure to structured credit and renewables. In addition, we funded three transactions entered into pursuant to our co-investment exemptive order during the quarter. Since receiving the order, we have entered into eight transactions including several in the March quarter.” Mr. Zelter continued, “We are also pleased to have extended the final maturity of our revolving credit facility during the period. We are extremely appreciative of the support from our lenders.”

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

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