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SAP tops Street 3Q forecasts

WALLDORF, Germany (AP) _ SAP SE (SAP) on Thursday reported third-quarter earnings of $1.15 billion.

The Walldorf, Germany-based company said it had profit of 96 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.19 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The business software maker posted revenue of $6.57 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $6.47 billion.

SAP shares have increased 29 percent since the beginning of the year. The stock has increased 28 percent 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