Magic Software Companies’ Revenue and Earnings Missed Expected Q3 by

© Reuters Magic Software Enterprises profit and revenue miss expected Q3 targets. – Magic Software Enterprises (NASDAQ: ) missed Q3 analyst estimates. with lower-than-expected earnings, according to reports on Tuesday.

Magic Software Enterprises reported earnings per share (EPS) of $0.21 on revenue of $129.5M. Analyst consensus compiled by previously expected expectations for the upcoming release to be $0.27 per share based on revenue of $150.3M.

Magic Software Enterprises shares added 1.21% to $8.37 in premarket trading. After the news of earnings report

Apart from Magic Software Enterprises there are other companies. Markets report this month’s earnings in the technology sector of the NASDAQ Stock Exchange

Apple previously reported earnings of $1.46 per share on revenue of $89.5B, compared with estimates of $1.39 on revenue of $89.31B.

Meanwhile, Microsoft’s performance from the latest report beat analysts’ forecasts. Q1 earnings were $2.99 ​​per share on revenue of $56.5B, beating analyst estimates for 2020. expects EPS to be around $2.65 based on revenue of $54.53B.

Follow the latest developments in company profits with the Earnings Calendar

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