Apollo's Q1 profit falls 20% as virus weighs on asset sales [Reuters (UK)]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
apollo.com/shareholders/overview
Company Research
Source: Reuters
Apollo's first-quarter profit falls 20% as virus weighs on asset sales - Reuters 3 Min Read NEW YORK (Reuters) - Apollo Global Management Inc ( APO.N ) said on Friday its first-quarter distributable earnings fell 20%, more than Wall Street expectations, driven by a decline in private equity asset sales amid the coronavirus-induced market turmoil. Apollo said distributable earnings (DE) - the cash available for paying dividends to shareholders - fell to $165.1 million from $207.4 million a year ago. This translated to DE per share of 37 cents, which missed the consensus analyst forecast of 48 cents, according to data from Refinitiv. Just like other buyout firms, Apollo was forced to mark down the value of its funds as global markets plunged due to economic shutdowns imposed by governments to curb the spread of the novel coronavirus. “The pandemic resulting from the novel coronavirus and the actions taken in response have caused severe disruption to the global economy and financial ma
Show less
Read more
Impact Snapshot
Event Time:
APO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
APO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
APO alerts
High impacting Apollo Global Management, Inc. (New) news events
Weekly update
A roundup of the hottest topics
APO
News
- Apollo Targets $5 Billion for High-Grade Income Fund [Yahoo! Finance Canada]Yahoo! Finance Canada
- What the Last Triple-Witching of 2024 Could Mean For Your Stocks [Yahoo! Finance]Yahoo! Finance
- Apollo Global Management, Inc. (NYSE: APO) had its price target raised by analysts at Keefe, Bruyette & Woods from $168.00 to $196.00. They now have an "outperform" rating on the stock.MarketBeat
- Boehly's Insurer Reaps Gains and Doubts From Loans to His Firms [Yahoo! Finance]Yahoo! Finance
- The case for a pause, a cut, or a hike: What markets see for rates after the Fed upended forecasts [Yahoo! Finance]Yahoo! Finance
APO
Earnings
- 11/6/24 - Beat
APO
Sec Filings
- 12/16/24 - Form 4
- 12/13/24 - Form 4
- 12/11/24 - Form 4
- APO's page on the SEC website