SAP Q3 2024 Adj. EPS €1.23 Beats €1.22 Estimate, Sales €8.470B Miss €8.479B Estimate
Portfolio Pulse from Benzinga Newsdesk
SAP reported its Q3 2024 financial results, with adjusted EPS of €1.23 beating the estimate of €1.22, while sales of €8.470 billion slightly missed the estimate of €8.479 billion.
October 21, 2024 | 8:07 pm
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NEUTRAL IMPACT
SAP's Q3 2024 adjusted EPS of €1.23 exceeded expectations, but sales of €8.470 billion slightly missed the forecast. This mixed result may lead to a neutral short-term impact on SAP's stock price.
The earnings per share (EPS) beat indicates strong profitability, which is positive for the stock. However, the slight miss in sales suggests potential challenges in revenue growth. These mixed signals are likely to result in a neutral short-term impact on SAP's stock price.
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RELEVANCE 100