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Formula Systems: 2Q Earnings Snapshot

OR YEHUDA, Israel (AP) _ Formula Systems (1985) Ltd. (FORTY) on Thursday reported second-quarter profit of $7.6 million.

The Or Yehuda, Israel-based company said it had profit of 51 cents per share.

The information technology company posted revenue of $363.5 million in the period.

Formula Systems shares have decreased 12 percent since the beginning of the year. The stock has declined 1.5 percent 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 FORTY at https://www.zacks.com/ap/FORTY