07.02.2024 13:20:31 - dpa-AFX: Ares Capital Corp. Q4 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Ares Capital Corp. (ARCC) announced a profit for its
fourth quarter that increased from the same period last year and beat the
Street estimates.
The company's bottom line came in at $413 million, or $0.72 per share. This
compares with $174 million, or $0.34 per share, in last year's fourth quarter.
Excluding items, Ares Capital Corp. reported adjusted earnings of $0.63 per
share for the period.
Analysts on average had expected the company to earn $0.60 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
Ares Capital Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $413 Mln. vs. $174 Mln. last year.
-EPS (Q4): $0.72 vs. $0.34 last year.
-Analyst Estimate: $0.60
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