SAP (SAP) Shares Surge Midday as Co. Sees Non-IFRS Profit at High End of Guidance Range
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SAP AG (NYSE: SAP) now sees non-IFRS operating profit at the high end of its previously-issued range of EU4.45-EU4.65 billion. The company sees non-IFRS operating margin up 0.5-1 percentage points this year.
The stock has spiked sharply following the updated guidance; shares last traded at $63.66, up 5.5 percent from Monday's close.
The stock has spiked sharply following the updated guidance; shares last traded at $63.66, up 5.5 percent from Monday's close.
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