Ares Capital Posts Q3 Earnings of $319 Million, Missing Analyst Estimates

NEW YORK — Ares Capital Corp. (ARCC) reported third-quarter net income of $319 million, or 44 cents per share, falling short of Wall Street expectations. Adjusted earnings, excluding investment costs, came to 46 cents per share, below the 48-cent average estimate of five analysts surveyed by Zacks Investment Research. The private equity firm posted revenue of $763 million, also missing forecasts. Four analysts surveyed by Zacks expected $780.2 million. Ares Capital shares have declined 8% since the start of the year and are down slightly more than 7% over the past 12 months.