Investing.com - SAP ADR reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SAP ADR announced earnings per share of €1.08 on revenue of €7.67B. Analysts polled by Investing.com anticipated EPS of €1.29 on revenue of €7.64B.
SAP ADR shares are down 24.1% from the beginning of the year and are trading at €106.34 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
SAP ADR follows other major Information Technology sector earnings this month
SAP ADR's report follows an earnings beat by Taiwan Semiconductor on Thursday, April 14, 2022, who reported EPS of €1.35 on revenue of €16.94B, compared to forecasts EPS of €1.33 on revenue of €17,430M.
ASML ADR had missed expectations on Wednesday with first quarter EPS of €1.88 on revenue of €3.84B, compared to forecast for EPS of €2.29 on revenue of €4.17B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar