Apollo Global Management (APO.N) said on Tuesday that second-quarter earnings rose, helped by higher profits from its private equity unit. Apollo, in its second quarterly earnings report since its March initial public offering, said economic net income -- a measure used by private equity firms -- was $140 million, up from $23 million a year earlier.
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. In the past year, shares of APO have traded as low as $12.81 and as high as $19.00. On average, 319517 shares of APO exchange hands on a given day.
