Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessApollo Global Management, Inc. (NYSE:APO) Q3 2024 Earnings Overview

Apollo Global Management, Inc. (NYSE:APO) Q3 2024 Earnings Overview

Add to Favorite
Added to Favorite


Earnings Per Share (EPS) of $1.85, surpassing estimates and indicating strong profitability.
Revenue reached $926 million, exceeding forecasts and showcasing operational efficiency.
Positive market valuation with a Price-to-Earnings (P/E) ratio of 15.33 and a Price-to-Sales ratio of 3.18.

Apollo Global Management, Inc. (NYSE:APO) is a leading global alternative investment manager. The company specializes in private equity, credit, and real assets, managing a diverse portfolio of investments. It competes with other major firms in the financial sector, such as Blackstone and KKR. On November 5, 2024, APO reported its third-quarter earnings, showcasing its financial health and market performance.

APO reported earnings per share (EPS) of $1.85, surpassing the estimated $1.72. This indicates strong profitability and effective cost management. The company’s revenue reached $926 million, exceeding the forecasted $904.3 million. This revenue growth reflects APO’s ability to generate income from its investment activities, highlighting its operational efficiency.

During the Q3 2024 earnings conference call, key figures like CEO Marc Rowan and CFO Martin Kelly discussed the results. Analysts from major financial institutions, including Goldman Sachs and JPMorgan, participated, indicating significant interest in APO’s performance. The call provided a platform for management to address questions and offer insights into future strategies.

APO’s financial metrics provide further context to its performance. With a price-to-earnings (P/E) ratio of 15.33, the market values its earnings positively. The price-to-sales ratio of 3.18 and enterprise value to sales ratio of 2.88 suggest a favorable market valuation of its revenue and overall value. These ratios help investors assess the company’s market position.

The company’s financial stability is also evident in its debt-to-equity ratio of 0.64, indicating a balanced approach to financing. The current ratio of 0.81 shows APO’s ability to meet short-term obligations, though it suggests room for improvement in liquidity management. Overall, APO’s Q3 2024 results demonstrate its strong market presence and financial resilience.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Cerence Inc. (NASDAQ:CRNC) Faces Financial Challenges Amidst Automotive AI Competition

Cerence Inc. (NASDAQ:CRNC) reported an EPS of -$0.49, missing...

NetApp Inc. (NASDAQ:NTAP) Surpasses Earnings and Revenue Estimates

NetApp Inc. (NASDAQ:NTAP) reported an earnings per share (EPS)...

Agilent Technologies (NYSE:A) Quarterly Earnings Preview

The anticipated EPS of $1.41 represents a 2.2% increase...