Apollo Global Management share price rises after profit and sales exceed expectations in Q3. $APO (-1,52%)
The global alternative asset manager reported adjusted earnings per share of 1.81 US dollars, beating the consensus estimate of 1.73 US dollars by 0.08 US dollars.
Revenue for the quarter reached $7.77 billion, well above analysts' forecast of $4.13 billion. This impressive sales figure represents a significant increase over the same period last year, although the exact percentage change year-on-year was not specified in the available data.
CEO Marc Rowan expressed his confidence in the company's performance, stating: "Our strong third quarter results reflect broad-based momentum across the platform. We are building a next-generation financial services company that is uniquely positioned to succeed in the tremendous market opportunity."
