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SAP: 2Q Earnings Snapshot

July 18, 2019

WALLDORF, Germany (AP) _ SAP SE (SAP) on Thursday reported second-quarter earnings of $639.5 million.

The Walldorf, Germany-based company said it had profit of 54 cents per share. Earnings, adjusted for stock option expense and restructuring costs, were $1.22 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.

The business software maker posted revenue of $7.45 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $7.47 billion.

SAP shares have climbed 35% since the beginning of the year. The stock has risen 10% in the last 12 months.

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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

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