Investing.com - Software AG reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Software AG announced earnings per share of €0.30 on revenue of €198.0M. Analysts polled by Investing.com anticipated EPS of €0.2405 on revenue of €194.46M.
Software AG shares are up 12.66% from the beginning of the year, still down 14.64% from its 52 week high of €44.00 set on August 31. They are outperforming the EUR/USD which is down 0% from the start of the year.
Software AG shares lost 100.00% in pre-market trade following the report.
Software AG follows other major Information Technology sector earnings this month
Software AG's report follows an earnings beat by SAP on Thursday, who reported EPS of €1.74 on revenue of €6.85B, compared to forecasts EPS of €1.45 on revenue of €6.78B.
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