Recap: Ares Management Q2 Earnings

Ares Management (NYSE:ARES) reported its Q2 earnings results on Thursday, July 28, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Ares Management beat estimated earnings by 7.25%, reporting an EPS of $0.74 versus an estimate of $0.69.

Revenue was up $152.05 million from the same period last year.

Last quarter the company missed on EPS by $0.02 which was followed by a 6.73% drop in the share price the next day.

Here's a look at Ares Management's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.67	0.72	0.62	0.51
EPS Actual	0.65	0.85	0.62	0.64
Revenue Estimate	605.10M	629.08M	528.44M	424.96M
Revenue Actual	482.92M	481.03M	448.26M	372.83M

To track all earnings releases for Ares Management visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.