Ares Management (ARES) Tops Q3 EPS by 8c

Ares Management (NYSE: ARES) reported Q3 EPS of $0.46, $0.08 better than the analyst estimate of $0.38. Revenue for the quarter came in at $335.46 million versus the consensus estimate of $165.3 million.

AUM Highlights:

• Total Assets Under Management of $97.3 billion
• Total Fee Earning AUM of $67.3 billion
• Total Fee Paying AUM of $60.0 billion*
• Available Capital increased to $24.5 billion
• AUM Not Yet Earning Fees increased to $18.4 billion
• Raised $4.3 billion in gross new capital with net inflows of $4.2 billion(1)
• Capital deployment of $2.7 billion of which $1.8 billion was related to our drawdown funds

For earnings history and earnings-related data on Ares Management (ARES) click here.

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