SAP SE (SAP) Misses Q1 EPS by 77c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
SAP SE (SAP) outlook cut, but shares rise on strong cloud revenue growth
April 21, 2023 7:56 AM EDTSoftware company SAP SE (NYSE: SAP) is trading over 1% higher premarket Friday, despite the company slashing its outlook to account for the divestment of its subsidiary Qualtrics and missing profit expectations for the first quarter.
SAP shares initially fell following the announcement but have since regained those losses and more.
The company reported Q1 EPS of EUR0.35, EUR0.77 worse than the analyst estimate of EUR1.12. However, revenue for the quarter... More
