Apollo Comml Real Est Q4 Adj $0.36 Beats $0.33 Estimate, Net interest income $58.01M Miss $65.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apollo Commercial Real Estate (ARI) reported Q4 adjusted earnings of $0.36 per share, surpassing the $0.33 estimate, marking a 16.13% year-over-year increase. However, net interest income of $58.01M fell short of the $65.33M estimate, a 16.14% decrease from the previous year.

February 06, 2024 | 9:32 pm
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Apollo Commercial Real Estate (ARI) exceeded Q4 earnings expectations but missed revenue estimates, indicating mixed financial health.
While ARI's earnings beat may positively impact investor sentiment due to higher profitability, the miss on revenue forecasts could raise concerns about the company's growth and operational efficiency. The mixed results present a neutral outlook in the short term as investors weigh the implications of both earnings and revenue performance.
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