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Magic Software: 3Q Earnings Snapshot

November 14, 2019

OR YEHUDA, Israel (AP) _ Magic Software Enterprises Ltd. (MGIC) on Thursday reported third-quarter profit of $5 million.

On a per-share basis, the Or Yehuda, Israel-based company said it had net income of 10 cents. Earnings, adjusted for one-time gains and costs, were 17 cents per share.

The business process integration software company posted revenue of $85.8 million in the period.

Magic Software expects full-year revenue in the range of $317 million to $320 million.


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