Apollo Global Management, LLC (APO) reported a surge in first-quarter GAAP net income attributable to the company to $249.0 million, or $1.59 per Class A share, from last year's $98.0 million, or $0.66 per Class A share. Total economic net income or "ENI" of $792 million for the period, was up by 72% from $462 million a year ago, with ENI after taxes per share amounting to $1.89 for the first quarter ended March 31, 2013. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.24 for the quarter. Analysts' estimates typically exclude one-time items.
The company clocked total revenues of $1.31 billion, higher than the prior year's $776.74 million. Analysts estimated revenues of $976.68 million for the quarter. As of March 31, 2013, Apollo's total AUM was $114.3 billion, up 33%, compared with $86.1 billion as of March 31, 2012, chiefly driven by both organic and strategic growth in the credit segment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.