Magic Software: 3Q Earnings Snapshot
Posted November 16, 2020 6:38 am.
Last Updated November 16, 2020 6:54 am.
This article is more than 5 years old.
OR YEHUDA, Israel (AP) _ Magic Software Enterprises Ltd. (MGIC) on Monday reported third-quarter net income of $7.1 million.
On a per-share basis, the Or Yehuda, Israel-based company said it had profit of 14 cents. Earnings, adjusted for non-recurring costs, came to 19 cents per share.
The business process integration software company posted revenue of $94.9 million in the period.
Magic Software shares have risen 30% since the beginning of the year. The stock has risen 30% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGIC at https://www.zacks.com/ap/MGIC
The Associated Press
