Magic Software Enterprises Q1 2024 Adj. EPS $0.23 Down From $0.26 YoY; Revenue $130.7M Down From $142.4M YoY
Portfolio Pulse from Benzinga Newsdesk
Magic Software Enterprises reported a decline in Q1 2024 adjusted EPS to $0.23 from $0.26 year-over-year, and a decrease in revenue to $130.7 million from $142.4 million year-over-year.
May 16, 2024 | 12:37 pm
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Magic Software Enterprises reported a decline in Q1 2024 adjusted EPS to $0.23 from $0.26 year-over-year, and a decrease in revenue to $130.7 million from $142.4 million year-over-year.
The decline in both EPS and revenue year-over-year is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100