SAP Lowers Outlook, Stock Falls
FRANKFURT — German business software maker SAP early Wednesday said its third- quarter profit rose 12%, as a drop in revenue was partly offset by a lower tax rate and better profit margins. But its lowered outlook sent the shares down sharply in early trading. SAP, based in Walldorf, reported per-share profit ex items, including accounting for its Business Objects acquisition, was 0.41 euro, or 61 cents, flat
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