JACKSONVILLE, Fla. (AP) _ Black Knight Inc. (BKI) on Monday reported third-quarter net income of $127.8 million.
The Jacksonville, Florida-based company said it had net income of 82 cents per share. Earnings, adjusted for one-time gains and costs, came to 52 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The provider of data and analytics for the mortgage and finance industries posted revenue of $312.6 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $298.7 million.
Black Knight expects full-year earnings in the range of $2.03 to $2.07 per share, with revenue in the range of $1.23 billion to $1.24 billion.
Black Knight shares have increased 46% since the beginning of the year. The stock has risen 66% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKI at https://www.zacks.com/ap/BKI
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