Ares Management (ARES) Lags Q4 Earnings Estimates

Ares Management (ARES) came out with quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of$ 1.29 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.65%. A quarter ago, it was expected that this private equity firm would post earnings of$ 0.94 per share when it actually produced earnings of $0.95, delivering a surprise of 1.06%.Over the last four quarters, t ...