Coupa Software's first post-IPO earnings report helps stock rebound
In the first earnings report after its initial public offering, Coupa Software Inc. handily beat expectations, sending the company's stock up more than 5%. The cloud-software company, which helps companies manage their spending, reported a net loss of $6.7 million, or 36 cents a share, on revenue of $35.4 million. After adjustments for stock-based compensation and other factors, Coupa claimed a loss of 22 cents a share. Analysts on average expected an adjusted loss of 47 cents a share on sales of $31 million, according to FactSet. Coupa sold IPO shares for $18 apiece in October, and saw those shares more than double in its first day of trading, though those prices have deflated in the intervening months. The stock fell 1% to $26.02 in Monday's regular trading session, then popped to more than $27 in after-hours action.
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