U.S. Markets closed

FS KKR Capital: 2Q Earnings Snapshot

PHILADELPHIA (AP) _ FS KKR Capital Corp. (FSK) on Wednesday reported second-quarter net income of $101 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Philadelphia-based company said it had net income of 19 cents.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The business development company posted revenue of $199 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $194.8 million.

FS KKR Capital shares have climbed nearly 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.54, a fall of 32% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSK at https://www.zacks.com/ap/FSK