Ares Capital Corp. Reveals Gain In Q3 Earnings

(RTTNews) - Ares Capital Corp. (ARCC) revealed a profit for its third quarter that increased from the same period last year.

The company's earnings came in at $209 million, or $0.49 per share. This compares with $139 million, or $0.33 per share, in last year's third quarter.

Analysts had expected the company to earn $0.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.3% to $342 million from $294 million last year.

Ares Capital Corp. earnings at a glance:

-Earnings (Q3): $209 Mln. vs. $139 Mln. last year. -EPS (Q3): $0.49 vs. $0.33 last year. -Analysts Estimate: $0.40 -Revenue (Q3): $342 Mln vs. $294 Mln last year.