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 and are trading at €123.61 , down-from-52-week-high.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 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 Thursday, January 13, 2022 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.
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