Magic Software MGIC reported its Q2 earnings results on Thursday, August 11, 2022.
Here's what investors need to know about the announcement.
Earnings
Magic Software missed estimated earnings by 11.11%, reporting an EPS of $0.24 versus an estimate of $0.27.
Revenue was up $17.82 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 3.98% increase in the share price the next day.
Here's a look at Magic Software's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.24 | 0.26 | 0.21 | |
EPS Actual | 0.26 | 0.26 | 0.24 | 0.23 |
Revenue Estimate | 128.80M | 125.50M | 111.00M | 104.47M |
Revenue Actual | 138.71M | 133.00M | 120.87M | 119.16M |
To track all earnings releases for Magic Software visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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