Ares Management (ARES) Misses Q2 EPS by 3c

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Ares Management Corporation Reports Second Quarter 2020 Results

August 5, 2020 6:00 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- Ares Management Corporation (NYSE: ARES) today reported its financial results for its second quarter ended June 30, 2020.

GAAP net income attributable to Ares Management Corporation was $56.4 million for the quarter ended June 30, 2020. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A common stock was $0.36 and $0.35, respectively, for the quarter ended June 30, 2020.

After-tax realized income, net of Series A preferred stock dividends, was $105.3 million for the quarter ended June 30, 2020. After-tax realized income per share of Class A... More