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Ares Management ARES reported its Q3 earnings results on Thursday, October 27, 2022 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Ares Management beat estimated earnings by 1.35%, reporting an EPS of $0.75 versus an estimate of $0.74.
Revenue was up $100.20 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 0.52% increase in the share price the next day.
Here’s a look at Ares Management’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.69 | 0.67 | 0.72 | 0.62 |
| EPS Actual | 0.74 | 0.65 | 0.85 | 0.62 |
| Revenue Estimate | 608.06M | 605.10M | 629.08M | 528.44M |
| Revenue Actual | 524.88M | 482.92M | 481.03M | 448.26M |
To track all earnings releases for Ares Management visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.