UPDATE: SAP Q2 EPS $1.16 Misses $1.31 Estimate, Sales $8.23B Miss $8.51B Estimate
Portfolio Pulse from Happy Mohamed
SAP (NYSE:SAP) reported Q2 earnings of $1.06 per share, missing the analyst consensus estimate of $1.31 by 19.08%. The company also reported quarterly sales of $8.23 billion, missing the analyst consensus estimate of $8.51 billion by 3.30%. However, both earnings and sales show an increase compared to the same period last year.
July 20, 2023 | 4:07 pm
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NEGATIVE IMPACT
SAP's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
SAP's Q2 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term. However, the YoY increase in both earnings and sales might mitigate this negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100