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Ares Comml Real Est Q3 2024 Adj. EPS $0.07 Beats $0.04 Estimate, Sales $16.653M Miss $16.738M Estimate

Benzinga ·  Nov 7, 2024 19:03

Ares Comml Real Est (NYSE:ACRE) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.04 by 75 percent. This is a 72 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $16.653 million which missed the analyst consensus estimate of $16.738 million by 0.51 percent. This is a 30.27 percent decrease over sales of $23.883 million the same period last year.

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