Black Knight: 2Q Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ Black Knight Inc. (BKI) on Monday reported second-quarter earnings of $39.1 million.
On a per-share basis, the Jacksonville, Florida-based company said it had net income of 26 cents. Earnings, adjusted for one-time gains and costs, were 52 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The provider of data and analytics for the mortgage and finance industries posted revenue of $293.1 million in the period. Its adjusted revenue was $293.3 million, also topping Street forecasts. Six analysts surveyed by Zacks expected $290.2 million.
Black Knight expects full-year earnings in the range of $1.94 to $1.99 per share, with revenue in the range of $1.17 billion to $1.18 billion.
Black Knight shares have increased 19% since the beginning of the year. The stock has risen 24% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKI at https://www.zacks.com/ap/BKI