Sapiens International Corporation N.V. (SPNS) released earnings for its third quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $18.3 million, or $0.33 per share. This compares with $15.9 million, or $0.28 per share, in last year's third quarter.
Excluding items, Sapiens International Corporation N.V. reported adjusted earnings of $21.1 million or $0.37 per share for the period.
Analysts on average had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.8% to $137 million from $130.7 million last year.
Sapiens International Corporation N.V. earnings at a glance (GAAP) :
-Earnings (Q3): $18.3 Mln. vs. $15.9 Mln. last year.
-EPS (Q3): $0.33 vs. $0.28 last year.
-Revenue (Q3): $137 Mln vs. $130.7 Mln last year.
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