07:07 AM EDT, 05/02/2024 (MT Newswires) -- Ares Management ( ARES ) reported Q1 earnings Thursday of $0.33 per diluted share, down from $0.49 a year earlier.

Analysts polled by Capital IQ expected $0.91.

Revenue for the quarter ended March 31 was $707.4 million, down from $813.4 million a year earlier.

Two analysts surveyed by Capital IQ expected $787.2 million.

The company said it has maintained a quarterly dividend of $0.93 per share of its common stock, payable on June 28 to stockholders of record on June 14.

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