Magic Software Q2 2024 Adj. EPS $0.24, Inline, Sales $136.250M Beat $132.690M Estimate
Portfolio Pulse from Benzinga Newsdesk
Magic Software reported Q2 2024 adjusted EPS of $0.24, which was in line with expectations. The company also reported sales of $136.25 million, beating the estimate of $132.69 million.
August 14, 2024 | 10:23 am
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Magic Software reported Q2 2024 adjusted EPS of $0.24, meeting expectations, and sales of $136.25 million, surpassing the $132.69 million estimate.
The inline EPS and sales beat are likely to have a positive short-term impact on Magic Software's stock price as the sales figure exceeded market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100