Apollo Global Management, LLC (NYSE:APO) public investment firm, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.49 per share.
For the full year, analysts predict revenues of $ 2033.66 million, while looking forward to income of $ 1.86 per share.
Previous Quarter Performance
Apollo Global Management, LLC outlined income for the second quarter of $ 0.46 per share, from the revenue of $ 482.24 million. The quarterly earnings reduced 17.86 percent while revenues fell 7.39 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.48 per share from $ 501.60 million in revenue. The bottom line results missed street analysts by $ 0.02 or 4.17 percent, at the same time, top line results fell short of analysts by $ 19.36 million or 3.86 percent.
Stock Performance
Shares of Apollo Global Management, LLC traded low $ -1.30 or -3.23 percent on Wednesday, reaching $ 38.89 with volume of 1.45 million shares. Apollo Global Management, LLC has traded high as $ 39.59 and has cracked $ 38.48 on the downward trend
According to the previous trading day, closing price of $ 38.89, representing a 106.53 % increase from the 52 week low of $ 19.46 and a 27.44 % decrease over the 52 week high of $ 55.39.
The company has a market capital of $ 8.91 billion and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.49 per share on July 30, 2020. The dividend were payable on August 31, 2020 to holders of record as of the close of business on August 18, 2020 and ex-dividend date on August 17, 2020.
Conference Call
Apollo Global Management, LLC will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.apollo.com
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios.
