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Sapiens announced earnings per share of $0.24 on revenue of $119M. Analysts polled by Investing.com anticipated EPS of $0.30 on revenue of $122.83M.
Sapiens shares are down 26.01% from the beginning of the year, still down 56.11% from its 52 week high of $38.32 set on November 19, 2021.
Sapiens shares lost 10.39% in intra-day trade following the report.
Sapiens’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
