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Black Knight Q2 Profit Tops Estimates; Expects FY Adj. EPS At Low End Of Outlook

Black Knight, Inc. (BKI) reported that its second-quarter adjusted earnings per share increased 7 percent to $0.49 from $0.46, prior year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.48, for the quarter. Analysts' estimates typically exclude special items.

Second-quarter adjusted revenues increased 6 percent to $295.1 million compared to $277.4 million, last year. Analysts expected revenue of $296.19 million for the quarter.

For the full year, the company now expects adjusted earnings per share to be at the low end of the prior guidance range of $1.90 to $2.00. Revenues are expected to be at the low end of the prior guidance range of $1.18 billion to $1.20 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.97 on revenue of $1.19 billion.

Black Knight CEO Anthony Jabbour said: "While our performance through the first half of the year was in line with our expectations, we have updated our full year 2019 outlook to reflect an earlier than planned client deconversion that was the result of a decision we made to no longer support a non-core, single-client platform."

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