Ares Commercial Real Estate (ACRE) Beats Q1 Earnings Estimates

Ares Commercial Real Estate (ACRE) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of$0.07 per share. This compares to loss of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 285.71$0.06 per share when it actually produced a loss of $0.15, delivering a surprise of -350%.Over ...