Magic Software (MGIC) Q3 Earnings Lag Estimates

Magic Software (MGIC) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.79%. A quarter ago, it was expected that this business process integration software company would post earnings of $0.24 per share when it actually produced earnings of $0.26, delivering a surprise of +8.33%.Ove ...