Apollo Global Management (APO) Misses Q4 EPS by 18c; Approves $250M Buyback Plan
Apollo Global Management (NYSE: APO) reported Q4 EPS of $0.08, $0.18 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $222.82 million versus the consensus estimate of $282.87 million.
AUM:
- Total Assets Under Management (gAUMh) of $170.1 billion
- Fee-Generating AUM (gFGAUMh) of $138.1 billion
- Carry-Eligible AUM (gCEAUMh) of $82.4 billion and Carry-Generating AUM (gCGAUMh) of $26.9 billion
- Dry powder of $26.1 billion available for investment
Stock Repurchase:
Apollo has adopted a plan to repurchase up to $250 million in the aggregate of its Class A shares, including up to $150 million in the aggregate of its outstanding Class A shares through a share repurchase program and up to $100 million through a reduction of Class A shares to be issued to employees to satisfy associated tax obligations in connection with the settlement of equity-based awards granted under the Company’s equity incentive plan. Under the share repurchase program, shares may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise, with the size and timing of these repurchases depending on legal requirements, price, market and economic conditions and other factors.
Detailed Earnings Release Embedded Below:
For earnings history and earnings-related data on Apollo Global Management (APO) click here.