Magic Software (MGIC) Surpasses Q1 Earnings and Revenue Estimates
MGICMagic Software Enterprises(MGIC) zacks.com·2024-05-17 00:16

Magic Software (MGIC) came out with quarterly earnings of 0.23pershare,beatingtheZacksConsensusEstimateof0.23 per share, beating the Zacks Consensus Estimate of 0.21 per share. This compares to earnings of 0.26pershareayearago.Thesefiguresareadjustedfornon−recurringitems.Thisquarterlyreportrepresentsanearningssurpriseof9.520.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this business process integration software company would post earnings of 0.20 per share when it actually produced earnings of $0.24, delivering a surprise of 20%. Over t ...