Investing.com - Ares Commercial RE reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ares Commercial RE announced earnings per share of $0.39 on revenue of $45.63M. Analysts polled by Investing.com EPS of $0.37 on revenue of $25.69M.
Ares Commercial RE 's are down 23.49% and is trading at $12.46 , still down 24.39% from its 52 week high of $16.48 set on Monday, April 18, 2022.
Ares Commercial RE follows other major Financial sector earnings this month
Ares Commercial RE's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday, October 17, 2022 with third quarter EPS of $0.81 on revenue of $24.5B, for EPS of $0.7816 on revenue of $23.56B.
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