Apollo Global Management Posts Q3 GAAP Loss of $1.1 Billion
Apollo reported a third-quarter GAAP net loss to stockholders of $1.1 billion, or $1.78 per share, driven primarily by unrealized mark-to-market losses in its Retirement Services segment.
WASHINGTON (dpa-AFX) - Apollo Global Management, Inc. (APO) posted a third quarter GAAP net loss to stockholders of $1.1 billion or $1.78 per share, driven primarily by unrealized mark-to-market losses on certain investments within the Retirement Services segment resulting from higher interest rate…