Apollo Comml Real Est Q2 Adj $0.35 Beats $0.30 Estimate, Sales $51.76M Miss $58.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apollo Commercial Real Estate (NYSE: ARI) reported Q2 earnings of $0.35 per share, beating the analyst estimate of $0.30. However, sales of $51.76 million missed the $58.65 million estimate. Both earnings and sales decreased compared to the same period last year.
August 06, 2024 | 8:18 pm
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Apollo Commercial Real Estate (NYSE: ARI) reported Q2 earnings of $0.35 per share, beating the analyst estimate of $0.30. However, sales of $51.76 million missed the $58.65 million estimate. Both earnings and sales decreased compared to the same period last year.
While the earnings per share beat expectations, the miss on sales and the year-over-year decline in both earnings and sales could create mixed sentiment among investors. The short-term impact on the stock price is likely to be neutral as the positive earnings surprise is offset by the sales miss and overall decline.
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