Sapiens International Corporation N.V. (SPNS) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $17.93 million, or $0.32 per share. This compares with $17.36 million, or $0.31 per share, last year.
Excluding items, Sapiens International Corporation N.V. reported adjusted earnings of $20.67 million or $0.37 per share for the period.
Analysts on average had expected the company to earn $0.35 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.4% to $136.10 million from $134.24 million last year.
Sapiens International Corporation N.V. earnings at a glance (GAAP) :
-Earnings: $17.93 Mln. vs. $17.36 Mln. last year.
-EPS: $0.32 vs. $0.31 last year.
-Revenue: $136.10 Mln vs. $134.24 Mln last year.
-Guidance:
Full year revenue guidance: $574 Mln - $578 Mln
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