Ares Capital Corp. Q3 Profit Increases, beats estimates

(RTTNews) - 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