Investing.com - SAP ADR reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
SAP ADR announced earnings per share of €0.96 on revenue of €7.52B. Analysts polled by Investing.com anticipated EPS of €1.12 on revenue of €7.64B.
SAP ADR shares are down 34.12% from the beginning of the year, still down 39.06% 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 follows other major Information Technology sector earnings this month
SAP ADR's report follows an earnings beat by Visa A on July 13, who reported EPS of €1.79 on revenue of €7.19B, compared to forecasts EPS of €1.65 on revenue of €6.83B.
Taiwan Semiconductor had beat expectations on July 14 with second quarter EPS of €1.53 on revenue of €17.87B, compared to forecast for EPS of €1.44 on revenue of €17.68B.
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