01.05.2024 13:34:47 - dpa-AFX: Ares Capital Corp. Q1 Profit Increases, but misses estimates

WASHINGTON (dpa-AFX) - Ares Capital Corp. (ARCC) released earnings for its
first quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $449 million, or $0.76 per share. This
compares with $278 million, or $0.51 per share, in last year's first 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 $0.60 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

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

-Earnings (Q1): $449 Mln. vs. $278 Mln. last year.
-EPS (Q1): $0.76 vs. $0.51 last year.


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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 19,798 14.06.24 08:23:23 -0,202 -1,01% 0,000 0,000 20,300 19,798

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