Magic Software Q2 Adj. EPS $0.28 Beats $0.26 Estimate, Sales $137.58M Miss $142.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Magic Software reported Q2 earnings of $0.28 per share, beating the analyst consensus estimate of $0.26 by 7.69%. However, the company's quarterly sales of $137.58 million missed the analyst consensus estimate of $142.30 million by 3.32%.
August 14, 2023 | 10:39 am
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Magic Software's Q2 earnings beat estimates but sales fell short.
While Magic Software beat earnings estimates, which is generally positive for the stock, it missed on sales, which is generally negative. The two factors could offset each other, leading to a neutral short-term impact.
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IMPORTANCE 80
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