FS Investment: 2Q Earnings Snapshot
PHILADELPHIA (AP) _ FS Investment Corp. (FSIC) on Thursday reported a second-quarter loss of $31.3 million, after reporting a profit in the same period a year earlier.
The Philadelphia-based company said it had a loss of 13 cents per share. Earnings, adjusted for investment costs, were 19 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share.
The business development company posted revenue of $95.6 million in the period.
FS Investment shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.10, a decline of roughly 7 percent in the last 12 months.