Stock Track | Sapiens Shares Plunge on Q3 Earnings Miss

Stock Track

Nov 11, 2024

Shares of Sapiens International Corp NV (NASDAQ: SPNS) plunged over 7% in pre-market trading on Friday after the software company reported weaker-than-expected results for the third quarter.

The Israeli-based firm, which provides software solutions for the insurance industry, posted adjusted earnings per share of $0.37, missing analysts' estimates of $0.38. Revenue for the quarter came in at $137 million, also falling short of the consensus forecast of $140.1 million.

Sapiens' adjusted operating income for the quarter stood at $25.1 million, slightly below the estimate of $25.7 million. While gross margins improved year-over-year, the company's top-line growth appears to have slowed, disappointing investors.

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While gross margins improved year-over-year, the company's top-line growth appears to have slowed, disappointing investors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPNS","symbol_name":"Sapiens International Corp","start_time":0,"source_url":"","article_id":"1176230541","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176230541","pubTimestamp":1731322455,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Sapiens International Corp NV  plunged over 7% in pre-market trading on Friday after the software company reported weaker-than-expected results for the third quarter.The Israeli-based firm, which provides software solutions for the insurance industry, posted adjusted earnings per share of $0.37, missing analysts' estimates of $0.38. 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