WALLDORF, Germany (AP) _ SAP SE (SAP) on Wednesday reported a first-quarter loss of $129.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Walldorf, Germany-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, were $1.02 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The business software maker posted revenue of $6.92 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $6.74 billion.
SAP shares have climbed 15 percent since the beginning of the year. The stock has risen slightly more than 8 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
Automated Insights, source Associated Press News