AP NEWS

Formula Systems: 3Q Earnings Snapshot

November 19, 2019 GMT

OR YEHUDA, Israel (AP) _ Formula Systems (1985) Ltd. (FORTY) on Tuesday reported third-quarter profit of $9.8 million.

The Or Yehuda, Israel-based company said it had profit of 63 cents per share.

The information technology company posted revenue of $449 million in the period.

Formula Systems shares have climbed 92% since the beginning of the year. The stock has increased 85% 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 FORTY at https://www.zacks.com/ap/FORTY