Sapiens (SPNS) Misses Q3 EPS by 5c, cuts guidance

Sapiens (NASDAQ: SPNS) reported Q3 EPS of $0.33, $0.05 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $137 million versus the consensus estimate of $140.38 million.

GUIDANCE:

Sapiens sees FY2024 revenue of $541-546 million, versus the consensus of $552.7 million.

"Revenue fell short of our targets in the third quarter, and the challenges we encountered are expected to impact revenue in the fourth quarter. Today, we are revising our 2024 non-GAAP revenue guidance to a range of $541 million to $546 million, down from the previous range of $550 million to $555 million - a 1.6% reduction at the midpoint. However, we expect our non-GAAP operating margin to be within our guidance range at 18.2%. Looking into 2025, we anticipate a low single-digit revenue growth.\"

For earnings history and earnings-related data on Sapiens (SPNS) click here.

You May Also Be Interested In

• Senate votes to halt Iran war unless Trump gets approval from Congress
• Wealthfront launches custodial account with tax-gain harvesting
• Fiserv prices tender offers for $2.75B in outstanding senior notes