SAP U.S. Shares Slip Following Outlook

SAP SE shares declined in the extended session Friday after the German software giant forecast earnings for the quarter that fell shy of Wall Street estimates. SAP U.S. shares slipped 1.7% to $75.44 after hours. The company said it expects adjusted first-quarter earnings of 64 eurocents a share on revenue of 4.73 billion euros. Analysts surveyed by FactSet estimate earnings of 68 eurocents a share on revenue of 4.71 billion euros. SAP reiterated its guidance for the year. Analysts expect 3.95 euros a share on revenue of 21.51 billion euros.