Investing.com - SAP reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SAP announced earnings per share of €1.32 on revenue of €6.54B. Analysts polled by Investing.com anticipated EPS of €1.3 on revenue of €6.86B.
SAP shares are down 19% from the beginning of the year and are trading at €97.365 , down-from-52-week-high.They are under-performing the DAX which is down 7.79% from the start of the year.
SAP shares lost 21.85% in intra-day trade following the report.
SAP follows other major Technology sector earnings this month
SAP's report follows an earnings beat by Sartorius AG VZO on Tuesday, October 20, 2020, who reported EPS of €1.27 on revenue of €623.2M, compared to forecasts EPS of €1.13 on revenue of €598.73M.
Sartorius AG had beat expectations on Tuesday, October 20, 2020 with third quarter EPS of €1.27 on revenue of €623.2M, compared to forecast for EPS of €1.13 on revenue of €598.73M.
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