Black Knight Beats Estimates but Lowers Guidance
Financial technology company Black Knight (NYSE: BKI) posted strong first-quarter numbers Tuesday but revised its full-year outlook downward.
The company, which provides data and analytics software for the mortgage industry, beat estimates with net earnings of $50.1 million, up 92% from the same period the year before. Earnings per share climbed 88% to $0.34. The company's indirect investment in Dun and Bradstreet provided net earnings of $5.6 million, compared to a reduction of $13.3 million in last year's first quarter.
Total revenue rose about 3% to $290.7 million. Most of it came from the software solutions business, as revenue increased 0.5% to $244.7 million. Data and analytics revenue jumped 16% to $46.1 million year over year.
Source Fool.com
