AP NEWS

Sapiens: 3Q Earnings Snapshot

November 4, 2019 GMT

HOLON, Israel (AP) _ Sapiens International Corp. (SPNS) on Monday reported third-quarter profit of $7.4 million.

The Holon, Israel-based company said it had profit of 15 cents per share. Earnings, adjusted for one-time gains and costs, came to 21 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The provider of software and services to the insurance industry posted revenue of $82.6 million in the period.

Sapiens shares have increased 95% since the beginning of the year.

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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 SPNS at https://www.zacks.com/ap/SPNS