Apollo’s Q1 earnings jump 26% on management fees, annuities inflow
May 6, 2024 by Chibuike Oguh
NEW YORK, May 2 (Reuters) – Apollo Global Management (APO.N), opens new tab said on Thursday its first-quarter adjusted net income rose 26% year-on-year, driven mostly by growth in management fees as well as earnings from its flagship annuities business.
Adjust net income rose to $1.1 billion, up from $825 million a year earlier. That translated to adjusted net income per share of $1.72, which came in slightly lower than the average Wall Street analyst estimate of $1.78, according to LSEG data.
Originally Posted at Reuters on May 2, 2024 by Chibuike Oguh.
Categories: Industry Articles
