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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.

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