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jump1

Re: None

Tuesday, 08/06/2013 4:54:53 PM

Tuesday, August 06, 2013 4:54:53 PM

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Reported solid second- quarter results before today's market open, and the stock was recently trading 1% lower on the day to $17.72. Ares reported second-quarter earnings per share (EPS) came in at $0.38 a penny behind consensus at $0.39. Net asset value per share was $16.21, up from $15.98 in the first quarter and from $15.51 a year ago. Earnings were light as expenses came in modestly ahead of expectations. Not a bad quarter.
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