Magic Software Enterprises Earnings Fall Short at $0.02, But Profits Surpass Expectations

According to Magic Software Enterprises' (NASDAQ: MGIC) report, the earnings per share for the third quarter was $0.23, which is $0.02 lower than analysts' expectations of $0.25. The reported earnings for the quarter were determined to be $143M, while analyst expectations were $137.25M.

For the fiscal year 2024, Magic Software Enterprises has projected earnings between $540.00M and $544.00M, whereas analyst estimates were disclosed as $544.80M.

Magic Software Enterprises' stock closed the day at $11.42, indicating a 7.13% increase over the past three months. The stock has shown an increase of 31.26% over the last 12 months. Over the past 90 days, Magic Software Enterprises reported one positive and one negative earnings per share.

You can examine how Magic Software Enterprises' stock price has reacted to past earnings reports here. According to InvestingPro, the company's financial health score is considered "Good performance."

Review the latest earnings reports and all financial information related to Magic Software Enterprises here. Stay informed about all developments regarding financial statements by visiting the Investing.com Earnings Calendar.