Apollo Global Management LLC (NASDAQ:APO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Apollo Global Management LLC Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 71.82% to $1.89 in the quarter versus EPS of $1.10 in the year-earlier quarter.
Revenue: Rose 68.52% to $1.31 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Apollo Global Management LLC reported adjusted EPS income of $1.89 per share. By that measure, the company beat the mean analyst estimate of $1.24. It beat the average revenue estimate of $976.68 million.
Quoting Management: “Apollo is off to a great start in 2013 with solid first quarter results,” said Leon Black, Chairman and Chief Executive Officer. “Over the last four quarters, we have generated nearly $14 billion of realizations and paid out $2.26 of cash per share, demonstrating yet again the substantial earnings and cash generating power of Apollo’s integrated investment platform.”
Key Stats (on next page)…