When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests
2023-11-01 15:22:04 ET
Shares of private equity giant Apollo Global Management (NYSE: APO) were on the rise Wednesday, rising 8.5% as of 2:10 p.m. ET.
The company reported earnings this morning, and while its headline adjusted non-GAAP (generally accepted accounting principles) earnings fell just short of estimates, there were apparently enough positive data points within the release to give investors reason to cheer.
Of note, Apollo's stock had fallen about 15% since its summer highs on economic fears, rising rates, and a slower merger and acquisitions market. So perhaps its better-than-feared performance was enough to satisfy the bulls.