Apollo Global Management (APO) Misses Q3 ENI by 9c
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Apollo Global Management, LLC Reports Third Quarter 2018 Results
October 31, 2018 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today reported results for the third quarter ended September30, 2018.
Apollos financial results for the third quarter of 2018 were driven by solid investment performance across each of our businesses, which underscores the strength of our integrated global investment platform, said Leon Black, Chairman and Chief Executive Officer. Apollos third quarter Fee-Related Earnings of $0.48 per share, which is the key foundational component of our quarterly cash distribution, grew by 20% year-over-year, and is bolstered by a large base of long-dated and permanent capital.... More
