FS KKR Capital: 4Q Earnings Snapshot
PHILADELPHIA (AP) _ FS KKR Capital Corp. (FSK) on Thursday reported a fourth-quarter loss of $27 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Philadelphia-based company said it had a loss of 5 cents. Earnings, adjusted for investment costs and pretax expenses, came to 21 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The business development company posted revenue of $186 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $194.2 million.
For the year, the company reported profit of $246 million, or 47 cents per share. Revenue was reported as $779 million.
FS KKR Capital shares have dropped 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.75, a fall of 12% in the last 12 months.