Magic Software (NASDAQ:MGIC) reported its Q3 earnings results on Tuesday, November 14, 2023 at 07:47 AM.
Here’s what investors need to know about the announcement.
Earnings
Magic Software missed estimated earnings by 19.23%, reporting an EPS of $0.21 versus an estimate of $0.26.
Revenue was down $14.48 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 2.91% drop in the share price the next day.
Here’s a look at Magic Software’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.26 | 0.28 | 0.26 | 0.27 |
| EPS Actual | 0.28 | 0.26 | 0.28 | 0.28 |
| Revenue Estimate | 142.30M | 143.40M | 142.98M | 131.75M |
| Revenue Actual | 137.58M | 142.44M | 147.15M | 143.96M |
To track all earnings releases for Magic Software visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
