10:47 AM EDT, 08/01/2024 (MT Newswires) -- Sapiens International's ( SPNS ) shares fell 7.1% in recent Thursday trading after the company reported less-than-expected Q2 revenue.

The company reported Q2 diluted earnings of $0.37, up from $0.33 a year earlier.

Analysts polled by Capital IQ expected $0.36.

Revenue for the quarter ended June 30 was $136.8 million, up from $128.3 million a year ago. Analysts surveyed by Capital IQ expected $137.8 million.

Chief Executive Roni Al-Dor said the company reiterated its 2024 guidance for non-GAAP revenue of $550 million to $555 million.

Price: 35.93, Change: -2.97, Percent Change: -7.63