Ares Comml Real Est Q2 Adj. EPS $0.12 Beats $0.05 Estimate, Sales $14.356M Beat $12.540M Estimate
Ares Comml Real Est (NYSE:ACRE) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.05 by 140 percent. This is a 123.53 percent increase over losses of $(0.51) per share from
Ares Commercial Real Estate made way more money than people expected this quarter—their earnings were more than double the forecast. When a company beats expectations by this much, it shows the business is doing better than investors thought, which is worth paying attention to.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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