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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.


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