Apollo Global Management Q1 2024 Adj EPS $2.31 Beats $1.78 Estimate, Sales $7.04B Beat $3.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
Apollo Global Management (APO) reported Q1 2024 adjusted EPS of $2.31, surpassing the $1.78 estimate, with sales of $7.04B also beating the $3.83B estimate. This represents a 32.81% increase in sales compared to the same period last year.
May 02, 2024 | 10:32 am
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Apollo Global Management reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year sales growth.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales increase, is likely to be viewed positively by investors. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100