Apollo Global Management Slips To Loss In Q2
(RTTNews) - Apollo Global Management Inc. (APO) reported Thursday a second-quarter net loss attributable to common stockholders of $2.05 billion or $3.53 per share, compared to net income of $649 million or $2.70 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.94 per share, compared to $1.14 per share in the year-ago quarter. Adjusted earnings - normalized - were $1.06 per share.
Total revenue for the quarter plunged to $2.27 billion from $1.38 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.02 per share on revenues of $849.75 million for the quarter. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
U.S. Silica To Be Taken Private By Apollo In $1.85 Bln Deal
Paramount Stock Up In Pre-market On Reports Of Sony-Apollo Joint Bid Talks
PK Airfinance, Apollo To Buy $920 Mln Portfolio Of Secured Aviation Loans From Standard Chartered
U.S. Dollar Drops After Powell's Speech
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed
