European Stocks May Advance; SAP, Roche Holding May Gain on Earnings

(Bloomberg) -- European stocks may rise for the
first time in three days, led by technology companies after
Germany's SAP AG and International Business Machines Corp. of the
U.S. reported earnings and sales that beat analysts' estimates.

Shares of Roche Holding AG will probably advance after the
world's biggest maker of cancer medicine reported an increase in
profit for the first-half.


Read more at Bloomberg Stocks News

SAP beats forecasts for Q2 licence sales, profits

(Reuters) - SAP reported a currency-adjusted 19-percent rise in software
and software-related service revenues to 1.71 billion euros, in
line with expectations and making its full-year forecast of 12
to 14 percent growth at constant currencies look comfortable.




According to average estimates in a Reuters poll of 24
analysts, SAP had been expected to report licence sales of 674
million euros, software and software-related service revenues of
1.658 billion euros and operating profit of 556 million euros.


Read more at Reuters.com Market News