Ares Capital Corp. Q4 Profit Decreases, Misses Estimates

(RTTNews) - Ares Capital Corp. (ARCC) reported earnings for fourth quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $357 million, or $0.55 per share. This compares with $413 million, or $0.70 per share, last year.

Excluding items, Ares Capital Corp. reported adjusted earnings of $0.55 per share for the period.

Analysts on average had expected the company to earn $0.58 per share. Analysts' estimates typically exclude special items.

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

-Earnings: $357 Mln. vs. $413 Mln. last year. -EPS: $0.55 vs. $0.70 last year.