BKI beat on earnings but lowered guidance. Revenues were +6%, slightly below consensus and adj. EPS was better at $0.49 vs $0.48 consensus. They updated full year guidance to the low end of the previously given range. The decrease was due to an earlier than planned client loss from a product they are discontinuing. More details to come.
Sarah Kanwal
Equity Analyst, Director
Direct: 617.226.0022
Fax: 617.523.8118
Crestwood Advisors
One Liberty Square, Suite 500
Boston, MA 02109
$BKI.UA
[tag BKI}