Magic Software Enterprises earnings missed by $0.02, revenue topped estimates

Magic Software Enterprises (NASDAQ: MGIC ) reported third quarter EPS of $0.23, $0.02 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $143M versus the consensus estimate of $137.25M. Guidance



Magic Software Enterprises sees FY 2024 revenue of $540.00M-$544.00M versus the analyst consensus of $544.80M.





Magic Software Enterprises's stock price closed at $11.42. It is up 7.13% in the last 3 months and up 31.26% in the last 12 months.

Magic Software Enterprises saw 1 positive EPS revisions and 1 negative EPS revisions in the last 90 days. See Magic Software Enterprises's stock price’s past reactions to earnings here.

According to InvestingPro, Magic Software Enterprises's Financial Health score is "great performance".

Check out Magic Software Enterprises's recent earnings performance , and Magic Software Enterprises's financials here.

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Source: Investing.com