FS Investment Corp (FSIC) Tops Q1 EPS by 2c

FS Investment Corp (NYSE: FSIC) reported Q1 EPS of $0.22, $0.02 better than the analyst estimate of $0.20.

• Net investment income of $0.22 per share, compared to $0.21 per share for the quarter ended March 31, 2016
• Adjusted net investment income of $0.22 per share, compared to $0.21 per share for the quarter ended March 31, 20162
• Total net realized loss of $0.41 per share and total net change in unrealized appreciation of $0.45 per share, compared to a total net realized loss of $0.06 per share and a total net change in unrealized depreciation of $0.20 per share for the quarter ended March 31, 2016
• Paid cash distributions to stockholders totaling $0.22275 per share3
• Total purchases of $539.7 million versus $364.3 million of sales and repayments
• Net asset value of $9.45 per share, compared to $9.41 per share as of December 31, 2016

"Our performance remained resilient amid a persistently tight credit backdrop," said Michael C. Forman, Chairman and Chief Executive Officer of FSIC. "In the face of challenging market conditions, we will continue to be disciplined investors to ensure we deliver strong risk-adjusted performance for our stockholders."

For earnings history and earnings-related data on FS Investment Corp (FSIC) click here.

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