PHILADELPHIA (AP) _ FS KKR Capital Corp. (FSK) on Monday reported first-quarter net income of $199 million, after reporting a loss in the same period a year earlier.

The Philadelphia-based company said it had net income of $1.61 per share. Earnings, adjusted for investment gains, were 63 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The business development company posted revenue of $151 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $150 million.

FS KKR Capital shares have risen 28% since the beginning of the year. In the final minutes of trading on Monday, shares hit $21.13, a climb of 61% 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

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