Black Knight: 4Q Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ Black Knight Inc. (BKI) on Wednesday reported fourth-quarter earnings of $42.8 million.
The Jacksonville, Florida-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight 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 $285.4 million in the period. Its adjusted revenue was $285.6 million, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $284.7 million.
For the year, the company reported profit of $168.5 million, or $1.14 per share. Revenue was reported as $1.12 billion.
Black Knight expects full-year earnings in the range of $1.90 to $2 per share, with revenue in the range of $1.18 billion to $1.2 billion.
Black Knight shares have increased 13 percent since the beginning of the year. The stock has increased 9 percent in the last 12 months.