Ares Capital CorporationARCC
▼ NegativeCapitalrelevance
Net income fell sharply to $171M from $361M year-over-year, missing expectations.
Impact on stocks 1
Financials
Ares Capital CorporationAres Capital Corp. reported a decline in second-quarter earnings, with net income falling to $171 million, or $0.24 per share, from $361 million, or $0.52 per share, in the same period last year. Excluding items, adjusted earnings were $0.47 per share. Revenue rose 3.1% to $768 million from $745 million a year earlier.
Ares Capital CorporationNet income fell sharply to $171M from $361M year-over-year, missing expectations.