Ares Commercial Real Estate (ACRE) Lags Q3 Earnings and Revenue Estimates

Ares Commercial Real Estate (ACRE) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -36.36%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.19 per share when it actually produced a loss of $0.12, delivering a surprise of -163.16%. Over ...