Black Knight Q1 Profit Down

(RTTNews) - Black Knight Inc. (BKI), a provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, reported that its net earnings for the first quarter of 2019 declined to $39.3 million, or $0.27 per share, from $42.7 million or $0.29 per share in the prior year quarter.

But, adjusted net earnings for the first quarter increased 3% to $65.9 million from $64.1 million in the prior year quarter. Adjusted earnings per share for the first quarter increased 2% to $0.44 per share from $0.43 per share in the prior year quarter.

Revenues for the first quarter grew 5% to $283.1 million from to $270.3 million in the prior year quarter. Adjusted Revenues for the first quarter increased 4% to $283.2 million compared to $271.2 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share and revenues of $282.8 million. Analysts' estimates typically exclude special items.

For 2019, the company expects adjusted earnings per share to be in the range of $1.90 - $2.00, revenues of $1.177 billion - $1.199 billion, and adjusted revenues of $1.178 billion to $1.200 billion. Wall Street currently is looking for fiscal year 2019 earnings of $ 1.95 per share on annual revenues of $1.19 billion.