AI Summary
West Corp's Q2 2017 revenue fell 1.4% to $574.4 million. Net income surged 35.7% to $44.8 million due to financing cost amortization. Merger with Apollo Global Management expected to close in H2 2017. Safety and Interactive Services segments showed significant revenue growth. Operating income decreased 16.7% attributed to lower performance in Unified Communications.
Sentiment Rationale
The merger with Apollo is expected to boost APO's valuation significantly, similar to past mergers that boosted share prices post-announcement.
Trading Thesis
As the merger progresses and integrates, long-term growth is anticipated for both West and APO, akin to previously successful merger integrations.
Market-Moving
- West Corp's Q2 2017 revenue fell 1.4% to $574.4 million.
- Net income surged 35.7% to $44.8 million due to financing cost amortization.
- Merger with Apollo Global Management expected to close in H2 2017.
Key Facts
- West Corp's Q2 2017 revenue fell 1.4% to $574.4 million.
- Net income surged 35.7% to $44.8 million due to financing cost amortization.
- Merger with Apollo Global Management expected to close in H2 2017.
- Safety and Interactive Services segments showed significant revenue growth.
- Operating income decreased 16.7% attributed to lower performance in Unified Communications.
Companies Mentioned
- WSTC (WSTC)
- APO (APO)
M&A
The merger announcement and financial performance can directly influence investor sentiment and stock price of APO.