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Apollo Commercial Real Estate Finance Swings to Q2 Profit, Revenue Falls
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Apollo Commercial Real Estate Finance Swings to Q2 Profit, Revenue Falls
Aug 7, 2024 3:30 AM

06:01 AM EDT, 08/07/2024 (MT Newswires) -- Apollo Commercial Real Estate Finance ( ARI ) reported Q2 earnings late Tuesday of $0.23 per diluted share, swinging from a loss of $0.62 a year earlier.

Analysts surveyed by Capital IQ expected earnings of $0.35.

Revenue for the quarter ended June 30 was $81.1 million, compared with $92.2 million a year earlier.

Two analysts surveyed by Capital IQ expected $58.7 million.

Price: 10.05, Change: -0.05, Percent Change: -0.50

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