Sapiens International Corporation N.V. (SPNS) released a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $18.62 million, or $0.33 per share. This compares with $15.40 million, or $0.28 per share, in last year's second quarter.
Excluding items, Sapiens International Corporation N.V. reported adjusted earnings of $21.04 million or $0.37 per share for the period.
Analysts on average had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.6% to $136.80 million from $128.30 million last year.
Sapiens International Corporation N.V. earnings at a glance (GAAP) :
-Earnings (Q2): $18.62 Mln. vs. $15.40 Mln. last year.
-EPS (Q2): $0.33 vs. $0.28 last year.
-Revenue (Q2): $136.80 Mln vs. $128.30 Mln last year.
-Guidance:
Full year revenue guidance: $550 Mln-$555 Mln
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