Black Knight: 3Q Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ Black Knight Inc. (BKI) on Wednesday reported third-quarter profit of $37.3 million.
On a per-share basis, the Jacksonville, Florida-based company said it had net income of 25 cents. Earnings, adjusted for one-time gains and costs, were 51 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The provider of data and analytics for the mortgage and finance industries posted revenue of $299.1 million in the period. Its adjusted revenue was $299.2 million, also topping Street forecasts. Seven analysts surveyed by Zacks expected $298.9 million.
Black Knight expects full-year earnings in the range of $1.92 to $1.94 per share, with revenue in the range of $1.18 billion to $1.2 billion.
Black Knight shares have risen 38% since the beginning of the year. The stock has increased 29% in the last 12 months.