Coupa Software Incorporated (Nasdaq: COUP)
On Tuesday, September 4th, 2018, Coupa software Incorporated reported their fiscal second-quarter earnings after the market closed for trading.
And has been the case with some of its peer stocks, Coupa Software’s earnings not only surprised but beat all analyst’s expectations. The group is hot and their earnings show it. The company reported after all adjustments were factored in, a profit of $0.05 a share – analysts had been expecting a loss of $0.05 a share.
The company had net income of 3.3 million dollars which compares with a loss of 5.4 million dollars in the same period one year ago.
Shares closed the regular trading session at $72 which was up $0.29 on the day. However as of 7:59 Eastern Daylight Time, shares soared an additional 16.6% or up $11.95 closing at $83.95.
The Numbers
Coupa reported earning $.05l per share versus losing an .$05in the same period one year ago. Total revenues were $61.7 million, an increase of 38% compared to the same period last year.
The Charts
The above price chart shows Coupa going back almost a year on the charts. It is in a clear up trend, respecting all short-term and long-term moving averages. The shares are likely to open in the green rectangle area on the far upper right.
The above price chart shows Coupa software in the regular trading session on the left and the after-hours session on the right.
The stock went sideways with little price movement during the regular session, however; it is easy to see just when the earnings announcement came out and shares vaulted higher.
Company Comments
Rob Bernshteyn, CEO of Coupa had this to say about the earnings beat:
“Our commitment to developing a fast growing and vibrant customer community and our strong alignment around our three core values – ensuring customer success, focusing on results, and striving for excellence – continue to support our ability to deliver on our business and financial objectives. Our Q2 results demonstrate our continued strong execution and the rapid and systematic implementation of our value-as-a-service solutions; further expanding our leadership position in business spend management globally”.
