Ares Capital (ARCC) Q2 Earnings and Revenues Miss Estimates

Ares Capital (ARCC) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.96%. A quarter ago, it was expected that this private equity firm would post earnings of $0.54 per share when it actually produced earnings of $0.5, delivering a surprise of -7.41%. Empirical research shows a stron ...