Revenue Update on Apollo Global Management LLC(NYSE:APO)

Apollo Global Management LLC(NYSE:APO) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $685.380M. Analysts estimated a revenue of $526.080M. The revenues were 30.28% above the estimates. Earnings per share were $0.98. The reported EPS was above estimates by 40%. Analysts had estimated an EPS of $0.7.

Apollo Global Management LLC (APO) made into the market gainers list on Tuesdays trading session with the shares advancing 3.03% or 0.67 points. Due to strong positive momentum, the stock ended at $22.81, which is also near the day’s high of $22.925. The stock began the session at $22.35 and the volume stood at 21,83,186 shares. The 52-week high of the shares is $22.925 and the 52 week low is $12.35. The company has a current market capitalization of $9,155 M and it has 40,13,48,830 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 8, 2016, John J Suydam (Chief Legal Officer) sold 49,358 shares at $20.01 per share price.Also, On Dec 2, 2016, Pauline Richards (director) purchased 625 shares at $19.50 per share price.On Nov 14, 2016, Martin Kelly (Chief Financial Officer) sold 15,000 shares at $19.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Apollo Global Management LLC is an investment manager in private equity credit and real estate. The Company raises invests and manages funds on behalf of pension endowment and sovereign wealth funds as well as other institutional and individual investors. The Company operates through three segments: The Company operates through three segments: Private equity which invests in control equity and related debt instruments convertible securities and distressed debt instruments; Credit which primarily invests in non-control corporate and structured debt instruments and Real estate which invests in real estate equity for the acquisition and recapitalization of real estate assets portfolios platforms and operating companies and real estate debt including first mortgage and mezzanine loans preferred equity and commercial mortgage backed securities.

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