Apollo Commerical Finance: Q2 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Apollo Commercial Real Estate Finance (ARI) on Monday reported second-quarter profit of $25.8 million.

The New York-based company said it had net income of 11 cents per share. Earnings, adjusted for one-time gains and costs, were 15 cents per share.

The real estate investment trust posted revenue of $44.4 million in the period. Its adjusted revenue was $8.1 million.

Apollo Commerical Finance shares have fallen 31% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.65, a fall of 34% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARI at https://www.zacks.com/ap/ARI