Ares Capital Corp. Q1 Profit Increases, but misses estimates

(RTTNews) - Ares Capital Corp. (ARCC) released earnings for its first quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $449 million, or $0.76 per share. This compares with $278 million, or $0.51 per share, in last year's first quarter.

Excluding items, Ares Capital Corp. reported adjusted earnings of $0.59 per share for the period.

Analysts on average had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Ares Capital Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $449 Mln. vs. $278 Mln. last year. -EPS (Q1): $0.76 vs. $0.51 last year.