Apollo's Strong Q3 Results Propel Price Forecast Upgrade — Analyst Highlights Asset Growth And Future Potential

Apollo Global Management, Inc. APO shares are trading higher on Wednesday.On Tuesday, Apollo reported third-quarter adjusted earnings per share of $1.85, surpassing analyst estimates of$1.72 and revenue of $7.77 billion, beating the street view of$4.13 billion.Apollo said it now manages a total of $733 billion in assets, with$551 billion generating fees. Over the past year, Apollo saw $151 billion in new inflows and deployed$248 billion in capital. Apollo’s Fee Related Earnings (FRE) were $531 million, ...