UPDATE: Apollo Global Posts Drop In Q4 Profit
February 07, 2014 at 08:52 AM EST
Apollo Global Management LLC (NYSE: APO ) reported a 7.2% drop in its fourth-quarter profit. Apollo Global's quarterly profit declined to $159.2 million, or $0.93 per share, versus a year-ago profit of $171.5 million, or $1.12 per share. Its economic net income slipped to $1.06 per share from $1.69 per