Apollo Global Management Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Apollo Global Management (NYSE:APO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$7.72b (up 285% from 3Q 2023).
• Net income: US$787.0m (up 24% from 3Q 2023).
• Profit margin: 10% (down from 32% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.35 (up from US$1.10 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Apollo Global Management Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 26%.

Looking ahead, revenue is expected to decline by 89% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in the US are expected to grow by 3.4%.

Performance of the American Diversified Financial industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Apollo Global Management that you should be aware of before investing here.

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