Investing.com - SAP ADR reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SAP ADR announced earnings per share of €1.36 on revenue of €7.84B. Analysts polled by Investing.com anticipated EPS of €1.27 on revenue of €7.56B.
SAP ADR shares are up 22.19% from the beginning of the year and are trading at €163.72 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
SAP ADR shares gained 3.22% 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 Microsoft on Wednesday, who reported EPS of €1.46 on revenue of €38.03B, compared to forecasts EPS of €1.34 on revenue of €36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of €0.79 on revenue of €10.55B, compared to forecast for EPS of €0.72 on revenue of €10.38B.
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