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ARCC Misses on Q3 Earnings as Income Falls, Announces MidCap Buyout

Source: zacks.com

Corporate EarningsCompany FundamentalsM&A & Restructuring
ARCC Misses on Q3 Earnings as Income Falls, Announces MidCap Buyout

Ares Capital missed Q3 earnings estimates as investment income fell and portfolio commitments slowed. Its $2.6B MidCap buyout is expected to be earnings-accretive, partially offsetting the weaker operating update.

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