24.10.2023 13:17:53 - dpa-AFX: Ares Capital Corp. Q3 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Ares Capital Corp. (ARCC) revealed a profit for its
third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $500 million, or $0.89 per share. This compares
with $104 million, or $0.21 per share, in last year's third quarter.

Excluding items, Ares Capital Corp. reported adjusted earnings of $0.59 per
share for the period.

Analysts on average had expected the company to earn $0.58 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

Ares Capital Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $500 Mln. vs. $104 Mln. last year.
-EPS (Q3): $0.89 vs. $0.21 last year.
-Analyst Estimate: $0.58


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ARES CAPITAL CORP. A0DQY4 Frankfurt 19,160 18.06.24 08:14:43 -0,182 -0,94% 19,290 19,580 19,160 19,342

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