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Formula Systems: 4Q Earnings Snapshot

OR YEHUDA, Israel (AP) _ Formula Systems (1985) Ltd. (FORTY) on Tuesday reported fourth-quarter earnings of $10.6 million.

On a per-share basis, the Or Yehuda, Israel-based company said it had net income of 70 cents. Earnings, adjusted for non-recurring gains, were 53 cents per share.

The information technology company posted revenue of $393.7 million in the period.

For the year, the company reported profit of $32.2 million, or $2.13 per share. Revenue was reported as $1.49 billion.

Formula Systems shares have climbed 18 percent since the beginning of the year. The stock has climbed 17 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