SAP Q2 Adj $0.82 Misses $1.19 Estimate, Sales $8.92B Miss $8.96B Estimate
Portfolio Pulse from Benzinga Newsdesk
SAP reported Q2 earnings of $0.82 per share, missing the analyst estimate of $1.19 by 31.26%. Sales were $8.92 billion, slightly below the $8.96 billion estimate. Earnings decreased by 29.48% year-over-year, while sales increased by 8.81%.
July 22, 2024 | 8:09 pm
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SAP's Q2 earnings of $0.82 per share missed the analyst estimate of $1.19 by 31.26%, and sales of $8.92 billion missed the $8.96 billion estimate. Earnings decreased by 29.48% year-over-year, while sales increased by 8.81%.
The significant miss on earnings per share (31.26% below estimates) and the slight miss on sales are likely to negatively impact SAP's stock price in the short term. The year-over-year decrease in earnings further adds to the negative sentiment, despite the increase in sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100