Why SAP Shares Are Trading Higher By 6%; Here Are 20 Stocks Moving Premarket
SAP SE (NYSE: SAP) reported Q2 earnings of $1.85 per share, missing the consensus estimate. Revenue came in at $11.48 billion, just below expectations. SAP stock rose 5.9% in pre-market trading.
SAP's earnings were slightly lower than people expected, but the stock price still went up. When a company misses targets yet the stock rises anyway, it might mean investors think the company still has a good future ahead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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