Black Knight: 1Q Earnings Snapshot

JACKSONVILLE, Fla. (AP) _ Black Knight Inc. (BKI) on Wednesday reported first-quarter net income of $39.3 million.

On a per-share basis, the Jacksonville, Florida-based company said it had net income of 27 cents. Earnings, adjusted for amortization costs and stock option expense, came to 44 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The provider of data and analytics for the mortgage and finance industries posted revenue of $283.1 million in the period. Its adjusted revenue was $283.2 million, also topping Street forecasts. Eight analysts surveyed by Zacks expected $282.1 million.

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 risen 25% since the beginning of the year. The stock has risen 16% in the last 12 months.

_____

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