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 the report.
SAP follows other major Technology sector earnings this month
SAP's report follows an earnings beat by Sartorius AG VZO on October 20, 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 October 20 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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