Investing.com - SAP ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SAP ADR announced earnings per share of €2.03 on revenue of €7.97B. Analysts polled by Investing.com anticipated EPS of €1.7 on revenue of €7.9B.
SAP ADR shares are up 40.68% from the beginning of the year and are trading at €143.65 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
SAP ADR follows other major Technology sector earnings this month
SAP ADR's report follows an earnings beat by Taiwan Semiconductor on October 14, who reported EPS of €1.07 on revenue of €14.75B, compared to forecasts EPS of €1.04 on revenue of €14.81B.
Infosys ADR had beat expectations on October 13 with second quarter EPS of €0.17 on revenue of €4B, compared to forecast for EPS of €0.1677 on revenue of €3.94B.
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