{"id":36918,"date":"2009-11-05T14:27:40","date_gmt":"2009-11-05T19:27:40","guid":{"rendered":"http:\/\/www.pehub.com\/?p=54861"},"modified":"2009-11-05T14:27:40","modified_gmt":"2009-11-05T19:27:40","slug":"ares-capital-posts-gain-allied-capital-posts-loss","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/36918","title":{"rendered":"Ares Capital Posts Gain, Allied Capital Posts Loss"},"content":{"rendered":"

(Reuters) – Small-business lender Ares Capital Corp (ARCC.O) posted a quarterly profit that beat analysts’ estimates by a cent, while struggling rival Allied Capital Corp (ALD.N), which Ares agreed to buy last month, posted a quarterly loss.<\/p>\n

Ares Capital posted a net profit of $63.3 million, or 62 cents a share, for the third quarter, compared with a loss of $41.4 million, or 43 cents a share, a year earlier.<\/p>\n

Excluding professional fees related to the acquisition of Allied Capital and dilution from a recent offering, the company earned 36 cents a share.<\/p>\n

Analysts were looking for a profit of 35 cents a share, excluding items, according to Thomson Reuters I\/B\/E\/S.<\/p>\n

Ares gained $30.4 million from investments and foreign currency transactions during the quarter, compared with $74.2 million it lost in the same quarter last year.<\/p>\n

Separately, Allied Capital said it had a quarterly net loss of $140.7 million, or 79 cents a share, hurt by a $117.5 million loss on extinguishment of debt.<\/p>\n

Ares Capital agreed to buy Allied Capital in October in an all-stock deal valued at $648 million, providing relief to the debt-laden company.\u00a0<\/p>\n

Ares shares were up about 4 percent at $10.87 Thursday on Nasdaq, while those of Allied were up about 4 percent at $3.27 on the New York Stock Exchange.<\/p>\n

(Reporting by Anurag Kotoky in Bangalore; Editing by Ratul Ray Chaudhuri)<\/p>\n

ShareThis<\/a><\/p>\n

<\/img><\/a>
\n<\/img><\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – Small-business lender Ares Capital Corp (ARCC.O) posted a quarterly profit that beat analysts’ estimates by a cent, while struggling rival Allied Capital Corp (ALD.N), which Ares agreed to buy last month, posted a quarterly loss. Ares Capital posted a net profit of $63.3 million, or 62 cents a share, for the third quarter, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-36918","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/36918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=36918"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/36918\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=36918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=36918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=36918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}