Ares Capital Q3 Earnings Miss as Expenses Increase Y/Y

Ares Capital Corporation’s (ARCC) third-quarter 2024 core earnings of 58 cents per share missed the Zacks Consensus Estimate by a penny. The bottom line reflects a decline of 1.7% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The results were primarily affected by an increase in expenses. Nonetheless, an improvement in the total investment income and the company’s robust portfolio activities supported the results to some extent.GAAP net income was $394 ...