(RTTNews) - Ares Capital Corp. (ARCC) reported a profit for its second quarter that increased from last year.
The company's bottom line came in at $277 million, or $0.65 per share. This compares with $200 million, or $0.47 per share, in last year's second quarter.
Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Ares Capital Corp. earnings at a glance:
-EPS (Q2): $0.39 vs. $0.49 last year. -Analysts Estimate: $0.38
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