The firm reported $0.06 non-GAAP EPS, falling short of expectations by $0.05, while revenue topped forecasts by $0.43M.
Ares Commercial Real Estate posted a non-GAAP EPS of $0.06, missing analyst estimates by $0.05. Revenue reached $13.46M, exceeding expectations by $0.43M.
The miss in earnings contrasts with the prior quarter’s performance, where the company had met or slightly exceeded consensus estimates. Revenue growth, however, reflects a modest improvement over the comparable period last year.
Shares showed limited movement in after-hours trading as investors weighed the mixed results.