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Ares Capital Q1 Profit Beats Estimates


RTTNews | Apr 28, 2021 09:37AM EDT

09:37 Wednesday, April 28, 2021 (RTTNews.com) - Ares Capital Corporation (ARCC) reported that its first quarter core earnings per share increased to $0.43 from $0.41, prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42, for the quarter. Analysts' estimates typically exclude special items. First quarter GAAP net income per share was $0.87 compared to a loss of $1.42, previous year.

First quarter total investment income increased to $390 million from $369 million, prior year.

The Board of Directors has declared a second quarter dividend of $0.40 per share. The second quarter dividend is payable on June 30, 2021 to stockholders of record as of June 15, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3189150/ares-capital-q1-profit-beats-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

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