Apollo Global Management Q2 Adj $1.70 Beats $1.65 Estimate, Sales $793.00M Beat $781.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apollo Global Management (NYSE:APO) reported Q2 earnings of $1.70 per share, beating the analyst consensus estimate of $1.65 by 3.03%. This is an 80.85% increase from the same period last year. The company also reported quarterly sales of $13.70 billion, beating the analyst consensus estimate of $781.82 million by 1.65K%, a 503.08% increase from the same period last year.
August 04, 2023 | 12:50 pm
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POSITIVE IMPACT
Apollo Global Management's Q2 earnings and sales significantly exceeded estimates, which could positively impact the company's stock price.
Apollo Global Management reported significantly higher Q2 earnings and sales than expected. This strong financial performance could increase investor confidence and demand for the company's stock, potentially leading to a rise in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100