WASHINGTON (dpa-AFX) - Ares Capital Corp (ARCC) reported fourth-quarter earnings that fell short of the previous year and missed Wall Street estimates.
The company's profit amounted to 357 million dollars, or 0.55 dollars per share. This compares with a profit of 413 million dollars or 0.70 dollars per share in the previous year.
Excluding special items, Ares Capital Corp. reported adjusted earnings of $0.55 per share for the period.
On average, analysts had expected earnings of 0.58 dollars per share. Analyst estimates generally exclude special items.
Ares Capital Corp. earnings at a glance (GAAP):
-Profit: $357 million vs. $413 million last year. -EPS: 0.55 dollars compared to 0.70 dollars in the previous year.
