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Why did Coupa Software's shares plunge despite positive quarterly earnings report?


Micheal Ben
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Sure, the stock performed better than expected. The technology company reported earnings per share of 5 cents, compared to the 0 cents forecast by analysts. Revenue was $74.9 million, topping estimates of $67.7 million. Investors and analysts were however disappointed the company traded light on 2020 profit guidance. For next year, the Coupa a forecast adjusted profit of 7 cents per share on revenue of $326 million vs. analyst estimates of 21 cents and $315 million. 

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