5 Latest Earnings You Should Check Out

3. Apollo Global Management, Inc. (NYSE:APO)

Number of Hedge Fund Holders: 61

Apollo Global Management, Inc. (NYSE:APO) caught investors’ attention today after beating profit expectations for the third quarter. The leading asset manager reported adjusted earnings of $1.33 per share, topping the consensus of $1.29 per share.

Total revenue for the quarter skyrocketed 175.9 percent versus last year to $2.98 billion. In addition, Apollo Global Management, Inc. (NYSE:APO) said total assets under management rose 9 percent on a year-over-year basis to $523 billion in the quarter.

Shares of Apollo Global Management, Inc. (NYSE:APO) jumped to a nearly two-month high this morning following the latest earnings report.

Discussing the results, CEO of Marc Rowan said in a statement:

“Our strong third-quarter results affirm the stability and resilience of Apollo’s differentiated business model, generating record quarterly fee-related earnings and rising spread-related earnings. Our disciplined investment philosophy and compelling product offerings continue to resonate with clients, with year-to-date inflows of $100 billion meaningfully surpassing our initial full-year target.”