Sapiens: 2Q Earnings Snapshot
HOLON, Israel (AP) _ Sapiens International Corp. (SPNS) on Monday reported second-quarter profit of $6.8 million.
The Holon, Israel-based company said it had profit of 14 cents per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The provider of software and services to the insurance industry posted revenue of $79.5 million in the period.
Sapiens shares have climbed 37% since the beginning of the year.