WALLDORF, Germany (AP) — WALLDORF, Germany (AP) — SAP SE (SAP) on Wednesday reported third-quarter profit of $1.39 billion.
The Walldorf, Germany-based company said it had net income of $1.18 per share. Earnings, adjusted for one-time gains and costs, were $1.58 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The business software maker posted revenue of $8.43 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $8.58 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAP at https://www.zacks.com/ap/SAP