Ares Capital Q2 Adj EPS $0.58 Beats $0.57 Estimate, Sales $634.00M Beat $622.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ares Capital (NASDAQ:ARCC) reported Q2 adjusted earnings of $0.58 per share, beating the analyst consensus estimate of $0.57 by 1.75%. This is a 26.09% increase from the same period last year. The company also reported quarterly sales of $634.00 million, beating the analyst consensus estimate of $622.05 million by 1.92%, a 32.36% increase from the same period last year.
July 25, 2023 | 10:14 am
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POSITIVE IMPACT
Ares Capital's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Ares Capital's Q2 earnings and sales exceeded analyst estimates, which is typically seen as a positive signal by investors and could lead to an increase in the company's stock price. The significant increase in earnings and sales from the same period last year further strengthens this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100