Magic Software Sees Q3 2023 Revenue ~$129.3M Vs $146.4M Estimate, $142.4M-$143.1M Prior
Portfolio Pulse from Benzinga Newsdesk
Magic Software has projected its Q3 2023 revenue to be around $129.3M, which is significantly lower than the estimated $146.4M and the prior range of $142.4M-$143.1M.
November 08, 2023 | 12:28 pm
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NEGATIVE IMPACT
Magic Software's lower than expected Q3 2023 revenue projection could negatively impact its stock price.
Magic Software's projected revenue for Q3 2023 is significantly lower than the estimated and prior figures. This could lead to a negative market reaction, potentially causing a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100