Ares Capital Corp. Q3 Profit Decreases, but beats estimates

(RTTNews) - Ares Capital Corp. (ARCC) revealed earnings for third quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $104M, or $0.21 per share. This compares with $334M, or $0.73 per share, in last year's third quarter.

Excluding items, Ares Capital Corp. reported adjusted earnings of $0.50 per share for the period.

Analysts on average had expected the company to earn $0.49 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): $104M. vs. $334M. last year. -EPS (Q3): $0.21 vs. $0.73 last year. -Analyst Estimates: $0.49