Magic Software (NASDAQ: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.

Earnings

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.

Past Earnings Performance

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:

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.