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Investing.com - Ares Capital reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ares Capital announced earnings per share of $0.50 on revenue of $537.00. Analysts polled by Investing.com EPS of $0.49 on revenue of $511.85M.
Ares Capital 's are down 13.16% and is trading at $18.18 , still down 20.96% from its 52 week high of $23.00 set on Wednesday, February 9, 2022.
Ares Capital follows other major Financial sector earnings this month
Ares Capital's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday, October 17, 2022 with third quarter EPS of $0.81 on revenue of $24.5B, for EPS of $0.7816 on revenue of $23.56B.
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