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JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — Black Knight Inc. (BKI) on Thursday reported first-quarter net income of $141.8 million.
The Jacksonville, Florida-based company said it had net income of 91 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The provider of data and analytics for the mortgage and finance industries posted revenue of $382.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $377.1 million.
Black Knight shares have decreased 14% since the beginning of the year. The stock has declined 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BKI">Zacks stock report on BKI at https://www.zacks.com/ap/BKI