Recap: Apollo Comml Real Est Q4 Earnings
Portfolio Pulse from Benzinga Insights
Apollo Comml Real Est (NYSE:ARI) reported Q4 earnings with an EPS of $0.36, beating estimates by 9.09% but with a revenue decrease of $11.16 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a 5.06% share price increase the following day.
February 06, 2024 | 9:35 pm
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Apollo Comml Real Est reported a Q4 EPS of $0.36, surpassing estimates by 9.09%, but saw a decrease in revenue compared to last year.
Given ARI's history of surpassing EPS estimates and the subsequent positive impact on its share price, the Q4 earnings beat could lead to a short-term increase in share price. However, the decrease in revenue might temper investor enthusiasm, making the overall impact positive but with caution.
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