Ares Commercial Real Estate (ACRE) Reports Q2 Loss, Misses Revenue Estimates

Ares Commercial Real Estate (ACRE) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of $0.19. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -163.16%. A quarter ago, it was expected that this real estate investment trust would post a loss of $0.30 per share when it actually produced a loss of $0.62, delivering a surprise of -106.67%.Over the last four qua ...