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By September 6, 2017 0 Comments

Coupa Software Narrows Fiscal Q2 Loss; Revenue Tops Views

Coupa Software (COUP) stock rose Tuesday after the enterprise software provider reported a narrower-than-expected fiscal second-quarter loss and revenue topped views.

XAutoplay: On | OffCoupa stock was up 6.6% to 31.54 in after-hours trading on the stock market today.

Coupa reported an adjusted fiscal loss of 10 cents a share, with revenue jumping 43% to $ 44.6 million. A year earlier, Coupa Software reported a per-share loss of 25 cents on sales of $ 31.1 million. Analysts expected Coupa Software to report a loss of 19 cents a share on revenue of $ 41.64 million for the period ended July 31.

Coupa said it expects to report a current quarter loss of 11 cents per share at its midpoint of guidance, in-line with consensus estimates of a 12-cent per share loss. Coupa said it expects revenue of $ 45 million, up about 25% from a year earlier, topping estimates of $ 44.1 million.  

News – Investor’s Business Daily

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