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Ares Capital ARCC reported its Q3 earnings results on Tuesday, October 25, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Ares Capital beat estimated earnings by 2.04%, reporting an EPS of $0.5 versus an estimate of $0.49.
Revenue was up $95.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 0.97% increase in the share price the next day.
Here’s a look at Ares Capital’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.44 | 0.46 | 0.49 | 0.44 |
| EPS Actual | 0.46 | 0.42 | 0.58 | 0.47 |
| Revenue Estimate | 464.23M | 483.42M | 459.14M | 427.39M |
| Revenue Actual | 479.00M | 440.00M | 529.00M | 442.00M |
To track all earnings releases for Ares Capital visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.