** charts before earnings **
** charts after earnings **
Apollo Investment beats by $0.01, misses on revs :
- Reports Q4 (Mar) net investment income of $0.17 per share, $0.01 better than the Capital IQ Consensus of $0.16; total investment income fell 22.3% year/year to $66.3 mln vs the $68.89 mln Capital IQ Consensus.
- Net asset value per share as of the end of the quarter was $6.74 compared to $6.86 as of December 31, 2016, a 1.7% decrease.
- "We have made considerable progress implementing the strategy that we outlined last year including 1) the deployment of capital into assets sourced by the Apollo / Midcap direct origination platform, including investments made pursuant to our co-investment exemptive order, 2) the reduction of our exposure to certain positions and industries which are higher on the risk spectrum and have more volatile returns, and 3) the resolution of several legacy positions." Mr. Zelter continued, "Looking ahead to fiscal year 2018, we believe that we are well positioned for when opportunities become more attractive given our substantial investment capacity. We will continue to focus on deploying capital into opportunities sourced from the Apollo / MidCap direct origination platform."
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