OWL - Apollo Stock Punished For Less Than Stellar Quarter - Nothing To Worry About
2024-08-02 07:58:05 ET
Summary
- Apollo Global stock is down 7.5% after the Q2 announcement. It was the first non-stellar quarter for a long time.
- Athene's lower net spread caused by alts returns impacted non-GAAP EPS.
- All other metrics remain strong, including fee-generating AUM and organic inflows.
- Asset Management delivered outstanding fee-related earnings.
Apollo Global ( APO ) was 7.5% down yesterday upon its Q2 announcement. One may think something terrible has happened. Not at all! The quarter was just less than stellar....
Apollo Stock Punished For Less Than Stellar Quarter - Nothing To Worry About