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SAP: Q3 Earnings Snapshot

SAP: Q3 Earnings Snapshot

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.