PHILADELPHIA (AP) — PHILADELPHIA (AP) — FS KKR Capital Corp. (FSK) on Friday reported first-quarter net income of $199 million.

The Philadelphia-based company said it had net income of 71 cents per share. Earnings, adjusted for investment costs, came to 78 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The business development company posted revenue of $456 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $444.6 million.

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