Apollo Investment Fiscal Q4 Revenue Misses Estimates, EPS Narrowly Beats

Apollo Investment reported fiscal Q4 net investment income of $0.17 per diluted share, unchanged froma year ago and beating by a cent the $0.16 average estimate from analysts polled by Capital IQ. Total investment income during the three months to March 31 slumped to $66.3 million from $85.3 million a year ago, coming in below the $68.9-million consensus.

In a statement released early Thursday, the company said its board set out a sequentially unchanged distribution of $0.15 per share, payable July 6 to shareholders of record as of June 21. “Looking ahead to 2018, we are well-positioned for when opportunities become more attractive given our substantial investment capacity,” CEO James Zelter said. “We will continue to focus on deploying capital into opportunities sourced from the Apollo/MidCap direct origination platform.”

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