Ares Capital exceeds earnings expectations and increases investment activity

  • Ares Capital reported a profit of $449 million in 1Q
  • Total investment income increased to $701 million
  • Adjusted earnings per share were 59 cents
  • Analysts expected earnings of 60 cents per share
  • Ares Capital has over $6 billion of available capital

Ares Capital, a New York-based private-asset manager, reported strong first-quarter earnings and increased investment activity. The company’s profit for the quarter ended March 31 was $449 million, up from $278 million in the same period last year. Total investment income also saw growth, reaching $701 million compared to $618 million in the previous year. Adjusted earnings per share were 59 cents, slightly below analysts’ expectations of 60 cents per share. Ares Capital remains well positioned with over $6 billion of available capital to support portfolio companies and take advantage of market opportunities.

Factuality Level: 8
Factuality Justification: The article provides straightforward information about Ares Capital’s first-quarter earnings and total investment income, including comparisons to the previous year and analyst expectations. There are no obvious signs of bias, sensationalism, or inaccuracies in the reporting.
Noise Level: 3
Noise Justification: The article provides relevant information about Ares Capital’s first-quarter earnings and investment income. It includes specific numbers and comparisons to the previous year, as well as analyst expectations. The CEO’s statement gives insight into the company’s strategy and position in the market. Overall, the article stays on topic, supports its claims with data, and offers valuable insights for investors.
Financial Relevance: Yes
Financial Markets Impacted: Ares Capital
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Ares Capital’s first-quarter earnings and investment activity. There is no mention of any extreme event.
Private Companies: Ares Capital
Key People: Scott Lem (Chief Executive)

Reported publicly: www.marketwatch.com