PHILADELPHIA (AP) _ FS KKR Capital Corp. (FSK) on Thursday reported third-quarter net income of $71 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 14 cents. Earnings, adjusted for investment costs, came to 22 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The business development company posted revenue of $199 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $193.4 million.
FS KKR Capital shares have climbed 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.78, a fall of 14% in the last 12 months.