Ares Management Q1 earnings miss, but AUM tops consensus (ARES:NYSE)

Ares Management reported weaker-than-expected Q1 earnings, but assets under management growth exceeded Wall Street expectations. The AUM increase boosted management fees and helped improve operating margin, partially offsetting the earnings miss. Overall, the report is mixed but slightly negative due to the bottom-line shortfall.

Analysis

Ares Management reported weaker-than-expected Q1 earnings, but assets under management growth exceeded Wall Street expectations. The AUM increase boosted management fees and helped improve operating margin, partially offsetting the earnings miss. Overall, the report is mixed but slightly negative due to the bottom-line shortfall.