Ares Capital Corp. Q2 Profit Declines, misses estimates

(RTTNews) - Ares Capital Corp. (ARCC) revealed a profit for second quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $111 million, or $0.22 per share. This compares with $478 million, or $1.09 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

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

-Earnings (Q2): $111 Mln. vs. $478 Mln. last year. -EPS (Q2): $0.22 vs. $1.09 last year. -Analyst Estimates: $0.44