Investing.com - SAP ADR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SAP ADR announced earnings per share of €2.1 on revenue of €9B. Analysts polled by Investing.com anticipated EPS of €1.96 on revenue of €8.94B.
SAP ADR shares are down 5.59% from the beginning of the year, still down 12.67% from its 52 week high of €151.48 set on September 1, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
SAP ADR shares lost 6.55% in pre-market trade following the report.
SAP ADR follows other major Information Technology sector earnings this month
SAP ADR's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of €2.48 on revenue of €51.73B, compared to forecasts EPS of €2.31 on revenue of €50.65B.
Taiwan Semiconductor had beat expectations on January 13 with fourth quarter EPS of €1.16 on revenue of €15.85B, compared to forecast for EPS of €1.12 on revenue of €15.69B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar