Apollo Global Management (APO) Tops Q4 EPS by 15c
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Apollo Global Management, LLC Reports Fourth Quarter and Full Year 2017 Results
February 1, 2018 7:00 AM ESTNEW YORK--(BUSINESS WIRE)-- Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today reported results for the fourth quarter and full year ended December 31, 2017.
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
