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Magic Software: 1Q Earnings Snapshot

OR YEHUDA, Israel (AP) _ Magic Software Enterprises Ltd. (MGIC) on Wednesday reported first-quarter earnings of $4.6 million.

The Or Yehuda, Israel-based company said it had net income of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 14 cents per share.

The business process integration software company posted revenue of $69.7 million in the period.

Magic Software shares have declined 4.5 percent since the beginning of the year. The stock has dropped slightly in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGIC at https://www.zacks.com/ap/MGIC