Ares mercial Real Estate -Ares Commercial Real Estate (ACRE) Surpasses Q3 Earnings and Revenue Estimates

Ares Commercial Real Estate (ACRE) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of a loss of$ 0.09 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +211.11%. A quarter ago, it was expected that this real estate investment trust would post a loss of$ 0.02 per share when it actually produced a loss of $0.51, delivering a surprise of -2450%.O ...