Apollo Global Management Inc announced a strong performance in the third quarter, with adjusted net income increasing by nearly 23% compared to the previous year.
The growth was primarily driven by robust management fees and earnings from its retirement services business.
During the quarter, Apollo’s adjusted net income reached $1.05 billion, up from $850 million in the same period last year.
This translated to adjusted net income per share of $1.71, slightly below the average analyst estimate of $1.77.
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