On this episode of Stock Movers:
- SAP shares drop as much as 11%, the biggest intraday decline in more than five years, after the software firm reported 25% growth in current cloud backlog on constant-currency basis.
- STMicroelectronics NV, a chip supplier for Tesla Inc. and Apple Inc., forecast first-quarter revenue that beat analysts’ estimates after demand from consumer electronics customers showed signs of recovery at the end of last year. STMicro shares rose 3.4% to €25.81 in Paris trading at 9:12 a.m
- Deutsche Bank announced a €1 billion buyback along with €1.9 billion in dividends and flagged more payouts in the second half. The stock fell as much as 3% in early Frankfurt trading.
See omnystudio.com/listener for privacy information.
