Ares Capital Q3 Earnings Miss as Expenses Increase Y/Y [Yahoo! Finance]
Ares Capital Corporation - Closed End Fund (ARCC)
Last ares capital corporation - closed end fund earnings: 2/12 06:22 am
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US:NASDAQ Investor Relations:
arescapitalcorp-ir.com
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Source: Yahoo! Finance
The bottom line reflects a decline of 1.7% from the prior-year quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The results were primarily affected by an increase in expenses. Nonetheless, an improvement in the total investment income and the company's robust portfolio activities supported the results to some extent. GAAP net income was $394 million or 62 cents per share, down from $500 million or 89 cents per share in the prior-year quarter. Total investment income was $775 million, up 18.3% year over year. The rise was largely driven by an increase in interest income from investments, capital structuring service fees and dividend income. The top line surpassed the Zacks Consensus Estimate of $767 million. Total quarterly expenses were $402 million, up 10.7% year over year. The increase was due to a rise in all the components except capital gains incentive fee charges and administrative fees. In the third quarter, the company made gross c
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ARCC
News
- The Smartest Dividend Stocks to Buy With $150 Right Now [Yahoo! Finance]Yahoo! Finance
- Ares Capital Co. (NASDAQ: ARCC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- 3 Ultra-High-Yield Dividend Stocks to Buy in November and Hold Forever [Yahoo! Finance]Yahoo! Finance
- My 3 Favorite Ultra-High-Yield Dividend Stocks to Buy in November [Yahoo! Finance]Yahoo! Finance
- Ares Capital Co. (NASDAQ: ARCC) had its price target raised by analysts at B. Riley from $21.00 to $22.00. They now have a "neutral" rating on the stock.MarketBeat
ARCC
Earnings
- 10/30/24 - Miss
ARCC
Analyst Actions
- 8/29/24 - UBS Group AG
ARCC
Sec Filings
- 10/30/24 - Form 3
- 10/30/24 - Form 8-K
- 10/30/24 - Form 10-Q
- ARCC's page on the SEC website