Ares Capital reports Q3 EPS 59c, consensus 58c

Reports Q3 net assets per share $18.99. “Our strong performance continued into the third quarter with year-over-year growth in both our GAAP and Core earnings per share primarily reflecting the benefits of higher rates and continued stable credit quality,” said Kipp deVeer, CEO of Ares Capital. “Looking forward, the investing environment from a risk/reward standpoint remains attractive and we believe that our experience, scale and market coverage position us well to benefit from current market dynamics.”