Magic Software Q4 Adj EPS $0.24 Beats $0.19 Estimate, Sales $125.55M Beat $117.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Magic Software (NASDAQ:MGIC) reported Q4 adjusted EPS of $0.24, surpassing the $0.19 estimate, with sales of $125.55M also beating the $117.50M estimate. However, both earnings and sales saw a decrease compared to the same period last year.
March 13, 2024 | 12:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Magic Software reported higher-than-expected Q4 earnings and sales, but noted a decrease from the previous year.
The positive earnings and sales beat are likely to have a short-term positive impact on MGIC's stock price, despite the year-on-year decrease. Investors typically react favorably to earnings beats, which can drive short-term price movements.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100