Money Makers Mentor

Third Quarter Earnings Released for Ares Management Corporation

Los Angeles-based company, Ares Management Corporation, released their earnings for the third quarter, in late October. The results shocked many people, including what Wall Street predicted for the company. Analysts from Zacks Investment Research predicted that Ares Management would earn 42 cents per share this quarter.

In the third quarter, Ares Management Corporation earned a profit of 25-cents for each share. For non-returning costs, the price of each share was adjusted to 48-cents. The company’s shares have risen 20% this year, and their stock has risen 47%. In total, the company’s revenue in this period was $489.9 million. The adjusted revenue in this period totaled $428.3 million.

“Despite the broad effects of the COVID crisis, we continue to execute well across our key finan…

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