Magic Software: Q3 Earnings Insights - Magic Software (NASDAQ:MGIC)

Magic Software MGIC reported its Q3 earnings results on Tuesday, November 14, 2023 at 07:47 AM.

Here's what investors need to know about the announcement.

Magic Software missed estimated earnings by 19.23%, reporting an EPS of $0.21 versus an estimate of $0.26.

Revenue was down $14.48 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 2.91% drop in the share price the next day.

Here's a look at Magic Software's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	0.26	0.28	0.26	0.27
EPS Actual	0.28	0.26	0.28	0.28
Revenue Estimate	142.30M	143.40M	142.98M	131.75M
Revenue Actual	137.58M	142.44M	147.15M	143.96M

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.