logo
Plus   Neg
Share
Email

Black Knight Q3 Adj. Earnings Beat View, But Revenues Miss - Quick Facts

Black Knight, Inc. (BKI) on Wednesday reported that its net earnings for the third quarter decreased 13 percent to $37.3 million from $43.0 million in the prior-year quarter. Earnings per share declined 14 percent to $0.25 from $0.29 in the prior-year quarter.

The company noted that the effect of its indirect investment in Dun and Bradstreet Corporation was a reduction of net earnings of $11.8 million, or $0.08 per share.

Adjusted earnings for the quarter were $0.51 per share, compared to $0.48 per share in the year-ago quarter.

Revenues for the quarter increased 6 percent to $299.1 million from $281.7 million in the same period last year. Adjusted revenues increased 6 percent to $299.2 million from $282.3 million in the prior-year quarter.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share for the quarter on revenues of $299.73 million. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2019, Black Knight now forecasts adjusted earnings in a range of $1.92 to $1.94 per share. The company now expects full-year revenues to be at the low end of its outlook range of $1.177 billion to $1.199 billion.

The Street expects the company to report earnings of $1.92 per share for the year on revenues of $1.18 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors Co. (GM) is hiring for new workforce, after cutting about some 4,000 salaried employees early this year. According to Detroit Free Press, the auto giant is hiring for a new workforce as the company invests more money to develop electric and self-driving vehicles. Earlier this year,... Australia's Federal Court has ruled in favor of more than 1,000 women in a landmark class-action lawsuit against Johnson & Johnson after they suffered severe pain and complications from the healthcare giant's pelvic mesh implants. Johnson & Johnson and its subsidiary Ethicon were accused of hiding the risks of its pelvic mesh products. SpaceX's Starship rocket prototype was damaged while undergoing pressurization testing on Wednesday evening. Video from the vicinity of SpaceX's Boca Chica test facility in Texas showed white plumes erupt from the top part of the Starship Mark 1 vehicle while it was undergoing a pressurization test. The eruption blew off the upper bulkhead high into the air.
RELATED NEWS
Follow RTT
>