Investing.com - SAP ADR reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SAP ADR announced earnings per share of €1.56 on revenue of €7.73B. Analysts polled by Investing.com anticipated EPS of €1.53 on revenue of €8.09B.
SAP ADR shares are down 13.36% from the beginning of the year and are trading at €116.09 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
SAP ADR shares lost 22.44% in intra-day trade after the report.
SAP ADR follows other major Technology sector earnings this month
SAP ADR's report follows an earnings beat by Taiwan Semiconductor on Wednesday, October 14, 2020, who reported EPS of €0.92 on revenue of €12.4B, compared to forecasts EPS of €0.84 on revenue of €11.84B.
Intel had matched expectations on Thursday with third quarter EPS of €1.11 on revenue of €18.33B, compared to forecast for EPS of €1.11 on revenue of €18.24B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar