Apollo Global Management: Q2 Profits Miss Estimates | Deep-Dive

Apollo Global Management reported a dip in second-quarter earnings, missing Wall Street’s expectations with an adjusted net income of $1.01 billion, unchanged from the previous year, and earnings per share of $1.64, below the anticipated $1.75.

The firm’s insurance unit, Athene, saw an 11% decrease in profit to $710 million, primarily due to lower returns from alternative investments.

Despite these challenges, Apollo’s fee-related