Key Takeaways
- • Ares Management reported third-quarter net income of $85.3 million, or 21 cents per share, according to the Associated Press's automated earnings snapshot.
- • Adjusted earnings, excluding non-recurring costs, came in at $1.26 per share, beating the $1.25 average estimate of nine analysts surveyed by Zacks Investment Research.
- • Revenue of $1.43 billion was reported for the quarter, while adjusted revenue of $1.19 billion missed the $1.26 billion Street forecast from six analysts.
- • Ares shares have fallen 23% year to date and 18% over the last 12 months.
Summary
Ares Management LP (NYSE: ARES), the Los Angeles-based private equity firm, reported third-quarter results on Thursday that were mixed relative to Wall Street expectations. According to the Associated Press, the firm posted net income of $85.3 million, equal to 21 cents per share on a GAAP basis.
On an adjusted basis, excluding non-recurring costs, earnings were $1.26 per share. That figure exceeded the $1.25 average estimate of nine analysts surveyed by Zacks Investment Research.
Revenue told a different story. Reported revenue was $1.43 billion for the period, but adjusted revenue of $1.19 billion fell short of the $1.26 billion expected by six analysts surveyed by Zacks.
The stock has underperformed. Ares shares have declined 23% since the start of the year and 18% over the past 12 months. The Associated Press story was generated automatically using Zacks data, so it does not include management commentary or segment-level detail.
Investors seeking further context can consult the company's third-quarter 2026 earnings materials and press release, which the publisher context indicates were issued in late October 2026.
On an adjusted basis, excluding non-recurring costs, earnings were $1.26 per share. That figure exceeded the $1.25 average estimate of nine analysts surveyed by Zacks Investment Research.
Revenue told a different story. Reported revenue was $1.43 billion for the period, but adjusted revenue of $1.19 billion fell short of the $1.26 billion expected by six analysts surveyed by Zacks.
The stock has underperformed. Ares shares have declined 23% since the start of the year and 18% over the past 12 months. The Associated Press story was generated automatically using Zacks data, so it does not include management commentary or segment-level detail.
Investors seeking further context can consult the company's third-quarter 2026 earnings materials and press release, which the publisher context indicates were issued in late October 2026.
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