Formula Systems (1985) Ltd. (FORTY) reported earnings for second quarter that Drops, from the same period last year
The company's earnings came in at $15.05 million, or $0.95 per share. This compares with $18.83 million, or $1.20 per share, last year.
The company's revenue for the period rose 11.3% to $743.36 million from $667.68 million last year.
Formula Systems (1985) Ltd. earnings at a glance (GAAP) :
-Earnings: $15.05 Mln. vs. $18.83 Mln. last year.-EPS: $0.95 vs. $1.20 last year.-Revenue: $743.36 Mln vs. $667.68 Mln last year.
-Guidance:Full year revenue guidance: $600Mln - $610Mln
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.