WALLDORF, Germany (AP) _ SAP SE (SAP) on Tuesday reported first-quarter earnings of $869.9 million.
On a per-share basis, the Walldorf, Germany-based company said it had profit of 73 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 90 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
The business software maker posted revenue of $6.46 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $6.51 billion.
SAP shares have fallen roughly 6 percent since the beginning of the year. The stock has climbed slightly more than 9 percent in the last 12 months.
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
Automated Insights, source Associated Press News