Jump to content
  • 0

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

Micheal Ben


1 answer to this question

Recommended Posts

  • 0

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. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. To reply to this question, sign in or create a new account.

Reply to this question

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...