Ares Capital Q2 2024 Adj. EPS $0.61 Beats $0.58 Estimate, Sales $755.000M Beat $715.710M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ares Capital (NASDAQ:ARCC) reported Q2 2024 adjusted EPS of $0.61, beating the estimate of $0.58. Sales were $755 million, surpassing the $715.71 million estimate and showing a 19.09% increase from the same period last year.
July 30, 2024 | 10:10 am
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Ares Capital (NASDAQ:ARCC) reported strong Q2 2024 results with EPS of $0.61 beating estimates by 5.17% and sales of $755 million beating estimates by 5.49%. Sales increased by 19.09% YoY.
The strong earnings and revenue beat, along with significant year-over-year sales growth, are likely to positively impact ARCC's stock price in the short term.
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RELEVANCE 100